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PSR publishes final report on card acquiring market review
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
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EuroCommerce petitions for more interchange fee regulation as card fees continue to rise
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.
Upcoming revision of the Interchange Fee Regulation (IFR)
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.
EC fines Mastercard €570 million over cross-border interchange fees
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
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Feature: Is it all change for interchange?
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.
