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Interchange fees argument stoked up again by Merchants Payments Coalition
Just days after announcing monster revenue updates, the thorny issue of interchange fees paid by merchants to the networks and issuing banks is back in the spotlight. In a letter... read more
The post Interchange fees argument stoked up again by Merchants Payments Coalition appeared first on Payments Cards & Mobile.
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
The post PSR publishes final report on card acquiring market review appeared first on Payments Cards & Mobile.
Is 2022 the year that payment cards pass their expiry date?
As reported in Payments Cards & Mobile, Amazon announced in November that it would stop taking payments from Visa credit cards issued in the UK, because of sky-high fees. Interchange... read more
The post Is 2022 the year that payment cards pass their expiry date? appeared first on Payments Cards & Mobile.
An update on interchange fees between the UK and EEA
As of January 2021, the United Kingdom broke away from its long standing relationship with its closet neighbour and is therefore no longer part of the EEA. As a result,... read more
The post An update on interchange fees between the UK and EEA appeared first on Payments Cards & Mobile.
Amazon steps up interchange battle with ban on UK Visa credit cards
Amazon has announced it will stop taking payments from Visa issued credit cards in the UK, citing the high cost of interchange fees imposed by the card company as a row between... read more
The post Amazon steps up interchange battle with ban on UK Visa credit cards appeared first on Payments Cards & Mobile.
