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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
Kroger has made good on its threat to stop accepting Visa credit cards, the culmination of a dispute over the interchange fee retailers pay to card networks for each transaction... more
The post Kroger signs off on interchange fee spat banning Visa cards appeared first on Payments Cards & Mobile.
In Latin America, overall banked levels as reported by governments are reaching surprising levels. Colombia, considered one of the most cash-dependent economies in the region, claims that 75% of its citizens have a bank account. In Peru, the number is 66%. While these numbers appear optimistic, they don’t tell the whole story. To calculate these [...]
The post Why debit cards will drive Latin American e-commerce appeared first on Payments Cards & Mobile.
The card networks, Visa and MasterCard have grown significantly and altered their market approaches since their initial public offerings (Visa in 2008, MasterCard in 2006). While market headwinds, including the great recession and the Durbin Amendment, have created hurdles, gross dollar volume has increased at a 9.9% and 10.0% CAGR between 2008 and 2014, for [...]
The post Card networks economics: Increased profitability post-IPO appeared first on Payments Cards & Mobile.