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In recent years, interchange rates have come under increasing pressure from a variety of judicial reviews by the US Federal Reserve, the European Union and individual countries such as Canada,... more

The post Feature: Is it all change for interchange? appeared first on Payments Cards & Mobile.

After a decade of lobbying to gain local access to the $124 trillion Chinese payments market, Visa and Mastercard have been snubbed by China’s central bank which has refused to... more

The post Visa and Mastercard left out in cold as Chinese Central Bank refuses to process application appeared first on Payments Cards & Mobile.

American Express has won regulatory approval to become the first US credit card company to enter the Chinese payments market and start building its own payments network. The company said... more

The post American Express gets regulatory approval to enter Chinese payments market appeared first on Payments Cards & Mobile.

The British Airways American Express credit card is among those likely to be removed from the UK market after the European Court of Justice (ECJ) issued a ruling against the card provider. American Express lost the appeal, which means it will now be limited in the amount it can charge retailers that accept Amex payments [...]

The post American Express loses key European Court of Justice fees battle appeared first on Payments Cards & Mobile.

American Express announced it is eliminating the requirement for merchants to collect Card Members’ signatures for all purchase transactions at the point of sale beginning in April 2018. The move, which applies globally to all American Express-accepting merchants, will help provide a more consistent and simplified checkout experience for merchants and Card Members in regions [...]

The post American Express eliminates signature requirements worldwide appeared first on Payments Cards & Mobile.