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Turkish banks forced to drop Mir as US sanctions pressure grows
The US has been applying considerable pressure on countries it sees as helping Russia evade the sanctions placed on it due to its invasion of Ukraine. This week, three Turkish... read more
The post Turkish banks forced to drop Mir as US sanctions pressure grows appeared first on Payments Cards & Mobile.
Reserve Bank of Australia shifts position on Least Cost Routing
The Reserve Bank of Australia (RBA) has announced a marked change in its position on Least Cost Routing (LCR) – how banks and credit card companies prioritise payments in the... read more
The post Reserve Bank of Australia shifts position on Least Cost Routing appeared first on Payments Cards & Mobile.
Rising rates and low growth beginning to hit payments industry
PCM considers the impact of stagnant or declining economic growth, rising interest rates and growing regulatory strictures on the payments industry. As conditions worsen to a point not seen in... read more
The post Rising rates and low growth beginning to hit payments industry appeared first on Payments Cards & Mobile.
The Credit Card Competition Act – Breaking Visa and Mastercard dominance in US
Last week, 1,668 retailers and more than 200 trade organisations urged the US Congress to pass the The Credit Card Competition Act, which gives merchants a choice in the routing... read more
The post The Credit Card Competition Act – Breaking Visa and Mastercard dominance in US appeared first on Payments Cards & Mobile.
Nordic mobile wallets mega merger blocked by EC
Back in June 2021, Norwegian Vipps, Danish Mobilepay and Finnish Pivo announced that the three mobile wallets would merge. Late last week it emerged that Pivo, owned by OP Bank... read more
The post Nordic mobile wallets mega merger blocked by EC appeared first on Payments Cards & Mobile.
