Never before has the importance of technology been greater in financial services. Digital banking solutions and apps have made their way into everyday life across Europe. A new study across... more
The post Money 2020: Digital banking now part of everyday life for Europeans appeared first on Payments Cards & Mobile.
Visa and Mastercard have offered to cut interchange fees on payments made by tourists using cards issued outside the European Union to limit fines and end an EU antitrust investigation,... more
The post Visa and Mastercard cut interchange fees to end EU antitrust investigation appeared first on Payments Cards & Mobile.
The UK Court of Appeals has overturned a formerly favourable Mastercard interchange fee ruling. The £14 billion lawsuit against Mastercard for imposing charges on UK consumers looks set to proceed... more
The post New court ruling puts Mastercard back in dock for £14 billion interchange fee class action appeared first on Payments Cards & Mobile.
Mastercard dropped out of the competitive bidding with rival Visa for Earthport and announced it has entered into an agreement to acquire Transfast, a competitor account-to-account money transfer network. Transfast... more
The post Mastercard ditches Earthport bid in favour of Transfast acquisition appeared first on Payments Cards & Mobile.
The European Commission (EC) has been reported to be considering implementing new regulations to support and accelerate the adoption of TARGET Instant Payments Settlement System (TIPS) in an effort to... more
The post EC sets sights on TIPS challenging Visa and Mastercard European dominance appeared first on Payments Cards & Mobile.