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Visa, Mastercard and American Express post monster revenue updates
Its earning week! Visa topped $7 billion in quarterly revenue for the first time, buoyed by a quicker-than-expected resumption in...
PSR fines five companies for cartel behaviour in the prepaid cards market
In March last year Payments Cards & Mobile reported that the Payment Systems Regulator (PSR) has set out provisional accusations...
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...
Mastercard enhances cryptocurrency capabilities with CipherTrace acquisition
Mastercard has extended its capabilities deep into the field of digital assets with an agreement to acquire CipherTrace, a cryptocurrency...
Mastercard set to fight £10 billion interchange fees class action in UK
A £10 billion ($14 billion) class action against Mastercard for unfair interchange fees, in which the claimants say 46 million...
Sainsbury’s settle UK interchange fee suit with Mastercard
Sainsbury’s has reached a settlement with Mastercard over over interchange fee that the UK’s highest court ruled are unlawful last...
Mastercard ban in India set to cause issues for domestic banks
India’s decision to ban Mastercard for non-compliance with data storage rules has unsettled the country’s financial sector as it will disrupt...
Report: The future of Open Banking in Europe
Open Banking is fast becoming a worldwide phenomenon. Whether regulator-driven or industry-led, it empowers consumers and businesses to take control...