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Reserve Bank of Australia shifts position on Least Cost Routing
The Reserve Bank of Australia (RBA) has announced a marked change in its position on Least Cost Routing (LCR) – how banks and credit card companies prioritise payments in the... read more
The post Reserve Bank of Australia shifts position on Least Cost Routing appeared first on Payments Cards & Mobile.
The Credit Card Competition Act – Breaking Visa and Mastercard dominance in US
Last week, 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 the routing... read more
The post The Credit Card Competition Act – Breaking Visa and Mastercard dominance in US appeared first on Payments Cards & Mobile.
Global payments card spending reaches $42 trillion
Debit cards drive payments card growth as contactless usage continues to rise and consumer spending recovers after the height of the pandemic. Card usage will keep growing as new spending... read more
The post Global payments card spending reaches $42 trillion appeared first on Payments Cards & Mobile.
Feature: Can the humble card still pack a punch?
Some experts say cards are a legacy technology while digital wallets and alt-pays are the future. But more powerful cards with multiple functions and better security are fighting back. So... read more
The post Feature: Can the humble card still pack a punch? appeared first on Payments Cards & Mobile.
Visa and Mastercard cite increased post Brexit fraud for interchange fees hike
Visa and Mastercard have both cited fraud as the primary reason for their respective increase in interchange fees between the UK and the EU after Brexit. Both companies face a... read more
The post Visa and Mastercard cite increased post Brexit fraud for interchange fees hike appeared first on Payments Cards & Mobile.
