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The UK’s Payment Systems Regulator (PSR) has published its final report into its card acquiring market review. The document sets out the regulator’s conclusion that the supply of card acquiring... read more
The post PSR publishes final report on card acquiring market review appeared first on Payments Cards & Mobile.
EuroCommerce Director-General Christian Verschueren has pressed the European Commission to act on the growing problems facing retailers and wholesalers resulting from the limited scope of the Interchange Fee Regulation (IFR).... more
The post EuroCommerce petitions for more interchange fee regulation as card fees continue to rise appeared first on Payments Cards & Mobile.
Payments Europe welcomes that the European Commission has started assessing the impact and consequences of the Interchange Fee Regulation (IFR) and has written a paper to support this. The European... more
The post Upcoming revision of the Interchange Fee Regulation (IFR) appeared first on Payments Cards & Mobile.
The European Commission has fined Mastercard a meaty €570.6 million ($648.3 million) for limiting the possibility for merchants to benefit from better interchange fees offered by banks elsewhere in the European... more
The post EC fines Mastercard €570 million over cross-border interchange fees appeared first on Payments Cards & Mobile.
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