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In a blow to the two biggest networks in payments, the $5.6 billion antitrust class-action settlement, in which more than 12 million retailers have accused Visa and Mastercard of improperly... read more

The post Visa and Mastercard $5.6 billion interchange settlement upheld appeared first on Payments Cards & Mobile.

Mastercard has announced that it will raise interchange fees by about five times the current limit when a UK card holder uses a debit or credit card to buy from... more

The post Mastercard hikes up interchange fees for non UK merchants appeared first on Payments Cards & Mobile.

In a damaging set back, a British appeals court ruled in favour of retailers including some of the UK’s biggest retailers, in massive a blow to the card networks which could now... more

The post Mastercard and Visa hit with setback in UK interchange fees law suit appeared first on Payments Cards & Mobile.

An independent payments consultancy, CMSPI, has initiated a complaint with the European Commission over changes Visa is making to its fees, claiming the card scheme’s actions could cost small businesses in Europe more than $2 billion a year. This month, Visa restructured the fees it levies for processing credit and debit card transactions, adding a [...]

The post Visa hit by EC complaint over damaging fee changes initiated by CMSPI appeared first on Payments Cards & Mobile.

A group of Canadian retailers and other businesses are pushing for lower credit-card fees from major payment networks amid a long standing battle over what they claim are inflated Canadian rates. The two largest credit-card companies, Visa Canada and MasterCard Canada, charge businesses an average of 1.5% of their transactions for accepting the plastic, with [...]

The post Canadian retailer group fight for lower credit-card fees appeared first on Payments Cards & Mobile.