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Daily News, interchange, interchange fees, Issuing & Acquiring, payment card interchange, POS Terminals, Processing & Systems, Regulation, Visa, Visa interchange fees -

An independent payments consultancy, CMSPI, has initiated a complaint with the European Commission over changes Visa is making to its fees, claiming the card scheme’s actions could cost small businesses in Europe more than $2 billion a year. This month, Visa restructured the fees it levies for processing credit and debit card transactions, adding a [...]

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Daily News, E-Commerce, European payments regulation, payment card interchange, Regulation -

European payments regulation, such as the original Payment Services Directive (PSD) of 2007 and Single Euro Payment Area (SEPA), have already caused significant change within the banking and payment industry. Business models, propositions and customer relationships have all been affected – and more regulation is expected. PCM considers three areas: the security of internet payments, card [...]

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