Interchange Fees

Fed Data Shows Economics of Interchange: 86% of Fees Fund Rewards Programs
Fed Data Shows Economics of Interchange: 86% of Fees Fund Rewards Programs
March 13, 2025  |  Loyalty & Rewards

PYMNTS Intelligence noted in recent research that at the same time that consumers are using their credit cards to navigate an inflationary environment, and to...

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Revolut and Visa Challenge UK Proposal to Cap Interchange Fees
Revolut and Visa Challenge UK Proposal to Cap Interchange Fees
March 07, 2025  |  Legal

Revolut and Visa reportedly filed legal challenges against the U.K.’s Payment Systems Regulator (PSR), seeking to overturn the regulator’s proposed cap on interchange fees on...

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With Illinois Interchange Ban Under Injunction, Banks and Merchants Await Next Move
With Illinois Interchange Ban Under Injunction, Banks and Merchants Await Next Move
January 29, 2025  |  Credit Cards

A battle in Illinois over interchange fees could influence other states to decide whether these fees should be reshaped or banned. Banks charge each other...

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What to Watch as the Debit Interchange Fee Battle Heats Up in 2025
What to Watch as the Debit Interchange Fee Battle Heats Up in 2025
December 26, 2024  |  Regulation

Sweeping changes to debit card interchange fees — and the ways debit transactions are facilitated — may come in 2025. As a result, the economics...

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Merchants Payments Coalition Urges Fed to Finalize Interchange Fee Proposal
Merchants Payments Coalition Urges Fed to Finalize Interchange Fee Proposal
December 23, 2024  |  Bank Regulation

The Merchants Payments Coalition is urging the Federal Reserve to quickly finalize the Fed’s proposal to reduce the fees banks are allowed to charge merchants...

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New Zealand’s Commerce Commission Proposes Cutting Merchant Card Fees
New Zealand’s Commerce Commission Proposes Cutting Merchant Card Fees
December 18, 2024  |  Regulation

New Zealand’s Commerce Commission has proposed reducing the fees the country’s businesses pay for accepting Mastercard and Visa payments. The Commission issued its draft decision...

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ABA Urges Fed to Withdraw Proposed Debit Interchange Fee Cap
ABA Urges Fed to Withdraw Proposed Debit Interchange Fee Cap
December 16, 2024  |  Bank Regulation

The American Bankers Association (ABA) said the proposed amendments to Regulation II that would cap debit card interchange fees are “fundamentally flawed and should not...

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UK’s Regulator to Cap Cross-Border Interchange Fees
UK’s Regulator to Cap Cross-Border Interchange Fees
December 13, 2024  |  Credit Cards

The United Kingdom’s Payment Systems Regulator (PSR) proposed a price cap on cross-border interchange fees and is seeking comment on the level at which the...

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European Lawmakers Ask UK to Reconsider Cap on Interchange Fees
European Lawmakers Ask UK to Reconsider Cap on Interchange Fees
December 12, 2024  |  Credit Cards

European lawmakers reportedly asked the United Kingdom’s Payment Systems Regulator (PSR) to reconsider its plans to restore a cap on interchange fees that was lifted...

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