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Payments heavyweights smash Q1 earnings forecasts
Visa has (again) posted much stronger than expected Q1 2022 earnings amid a consumer spending rebound powered in part by business and personal travel following a “short-lived” jump in Omicron... read more
The post Payments heavyweights smash Q1 earnings forecasts appeared first on Payments Cards & Mobile.
Mastercard interchange class action hits £14 billion – deceased now included
As per previous Payments Cards & Mobile reports, former financial services ombudsman Walter Merricks is bringing, a now £14 billion interchange fees claim, on behalf of around 46 million people... read more
The post Mastercard interchange class action hits £14 billion – deceased now included appeared first on Payments Cards & Mobile.
US Merchants ask Congress to investigate interchange fees
The Merchants Payments Coalition (MPC) has called on Congress to investigate Visa and Mastercard’s anticompetitive interchange fees and dominance over the US credit and debit card markets, citing President Biden’s... read more
The post US Merchants ask Congress to investigate interchange fees appeared first on Payments Cards & Mobile.
Amazon and Visa settle interchange fees spat
Amazon.com reached an agreement with Visa to end the ban on accepting its cards across its network, ending the interchange fees standoff between the two that threatened to disrupt e-commerce... read more
The post Amazon and Visa settle interchange fees spat appeared first on Payments Cards & Mobile.
Digital & Card Payment Yearbooks: Cards – past their peak?
The 2021-2022 Digital and Card Payment Yearbooks from Payments Cards & Mobile suggest payment card use may be starting to decline, to be replaced by digital wallets, direct-to-account payments and... read more
The post Digital & Card Payment Yearbooks: Cards – past their peak? appeared first on Payments Cards & Mobile.
