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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.
UK PSR to review Visa and Mastercard scheme and interchange fees
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.
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.
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.
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.
