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Visa and Mastercard deny reports they will raise interchange fees
A week ago Payments Cards & Mobile reported on press reports that Visa and Mastercard were planning to raise network and interchange fees merchants pay when accepting credit cards. Now,... read more
The post Visa and Mastercard deny reports they will raise interchange fees appeared first on Payments Cards & Mobile.
Block hits Visa and Mastercard with interchange fees suit
Block has hit Visa and Mastercard with a new interchange fees antitrust lawsuit that alleges the payment companies conspired to overcharge the Square payment platform, causing higher retail prices paid by... read more
The post Block hits Visa and Mastercard with interchange fees suit appeared first on Payments Cards & Mobile.
Why the Dodd-Frank act has had a negative impact on consumers
Back in September 2022, 1,668 retailers and more than 200 trade organisations urged the US Congress to pass the The Credit Card Competition Act, which gives merchants a choice in... read more
The post Why the Dodd-Frank act has had a negative impact on consumers appeared first on Payments Cards & Mobile.
Domestic networks retain a small share of global card spend
Domestic networks continue to drive financial inclusion worldwide but face an ongoing challenge to stay up-to-date on card functionality and flexibility with 2% of all card expenditure done through local... read more
The post Domestic networks retain a small share of global card spend appeared first on Payments Cards & Mobile.
Department of Justice widens antitrust probe to include Mastercard
Mastercard has announced that the US Justice Department (DOJ) is conducting an antitrust investigation of its US debit program and competition with other payment networks. The company says it had... read more
The post Department of Justice widens antitrust probe to include Mastercard appeared first on Payments Cards & Mobile.
