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Acquiring, Court of Appeal, Daily news, Interchange Fee, interchange fees, Issuing & Acquiring, MasterCard, Payments News, POS Terminals, Regulation -

The UK’s Court of Appeal has today dismissed Mastercard’s appeal against the Competition Appeals Tribunal decision in which a class action law suits was bought against the company for unfair... read more

The post Court of Appeal unanimously dismisses Mastercard interchange fee appeal appeared first on Payments Cards & Mobile.

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Acquiring, Daily news, E-Commerce, Interchange Fee, interchange fees, Issuing & Acquiring, M-Commerce, Multilateral Interchange Fees, Multilateral Interchange Fees (MIFs), Payments News, POS Terminals, Regulation -

A significant class action lawsuit has been served against Visa and Mastercard at the UK’s specialist competition tribunal on behalf of a large number of claimants seeking damages for allegedly... read more

The post Class action lawsuit served against Visa and Mastercard to contest interchange fees appeared first on Payments Cards & Mobile.

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Acquiring, Daily news, Interchange Fee, interchange fees, Issuing & Acquiring, MasterCard interchange fees, payment card interchange fees, Regulation, scheme interchange fee, Visa interchange fees -

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.

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The UK’s Payment Systems Regulator (PSR) has set out its plans showing how it proposes to carry out two market reviews focusing on card fees. One looks at scheme and... read more

The post UK PSR to review Visa and Mastercard scheme and interchange fees appeared first on Payments Cards & Mobile.

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Acquiring, Daily news, E-Commerce, interchange class action, Interchange Fee, interchange fees, interchange fees class action, POS Terminals, Regulation -

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.

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