Regulation RSS

The Supreme Court handed US banks a victory as it declined to consider a challenge by a group of retailers to Federal Reserve regulations setting fees for processing debit-card transactions, debit card interchange. The high court’s action on Tuesday, which came in a brief written order, removes uncertainty for the banking industry by ending a [...]

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During 2014 we saw several occasions of significant political figures from the UK having a bitcoin friendly stance – is this all set to change in 2015. UK Shadow Minister Chi Onwurah and Chancellor of the Exchequer, George Osborne both showed their appreciation towards the potential of bitcoin. Osborne in specific commissioned the Treasury to produce a programme of work on cryptocurrencies. It [...]

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Google is suing Visa and MasterCard over the card networks’ interchange fees, with the internet and tech giant claiming that they have violated federal antitrust law. Google has filed the lawsuit in the Texas federal court, alleging that Visa and MasterCard charged “supracompetitive” interchange fees between 1 January 2004 and 28 November 2012. Google’s lawsuit [...]

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Suddenly the key EU’s stakeholders (ECB/EC) are talking again about technical payments interoperability and new payments networks.  Many may ask why, for they have struggled over 10 years to fully understand EU market dynamics.  Surely, the regulators simplistically ask, we can make our 28 domestic networks more efficient and create a common infrastructure to enable [...]

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Interchange fees to process debit and credit card transactions are to be capped under an EU law that attempts to wrap-up a protracted battle with payment groups such as Visa Europe and MasterCard. Negotiators for EU member states and the European Parliament on Wednesday night agreed draft terms to introduce maximum fees to handle card [...]

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