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Visa and Mastercard moving towards resolution of interchange fees lawsuit
The two big card networks Visa and Mastercard are reported to be close to settling a 13-year-old legal challenge over interchange fees charged when merchants accept card payments, according to people familiar with... more
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Mastercard launch services to facilitate interactions between banks and third parties in Open Banking environment
Mastercard says it has developed a new suite of services to underpin Open Banking transformations taking place in the industry as partners ready themselves to take advantage of Europe’s PSD2... more
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Santander to issue Mastercard Debit in the UK
Mastercard and Santander have announced that they will work together to issue debit cards to all the Bank’s retail current account customers on Mastercard’s network. Customers will begin to receive cards from the beginning of next year, as part of a four-year reissuing programme and an eight-year agreement with Mastercard. The deal represents a significant [...]
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Co-op trials “pay in aisle” technology with Mastercard
Co-op has unveiled a trial for the future of its shops where customers can check-out their own purchases on their mobile phone using pay in aisle technology, without visiting a till. Time-pressed shoppers will soon be able to pay in aisle and avoid visiting a till all together as they use their own phone to [...]
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Canadian retailer group fight for lower credit-card fees
A group of Canadian retailers and other businesses are pushing for lower credit-card fees from major payment networks amid a long standing battle over what they claim are inflated Canadian rates. The two largest credit-card companies, Visa Canada and MasterCard Canada, charge businesses an average of 1.5% of their transactions for accepting the plastic, with [...]
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