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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.
Credit, debit, and prepaid general purpose and private label cards issued in the United States generated $5.936 trillion in payments for goods and services in 2016. Card fees, which include processing fees and interchange fees, paid by US merchants to handle all card payments, were $88.39 billion, according to The Nilson Report. “When you add up [...]
The post US merchants paid $88.39 billion in card fees in 2016 appeared first on Payments Cards & Mobile.