Interchange Fees

Credit Card Competition Act Puts Merchants, Not Consumers, in Charge of Card Rewards and Payments Security Decisions
Credit Card Competition Act Puts Merchants, Not Consumers, in Charge of Card Rewards and Payments...
June 07, 2023  |  Regulation

If at first you don’t succeed, try, try again. That seems to be the prevailing sentiment Wednesday (June 7) when it was announced that the Credit...

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Appeals Court Approves Settlement of Visa and Mastercard Antitrust Suit
Appeals Court Approves Settlement of Visa and Mastercard Antitrust Suit
March 16, 2023  |  Credit Cards

A federal appeals court has approved a settlement of a class-action lawsuit brought against Visa and Mastercard. The settlement, in which the payment card networks...

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Instant Payments Promise Better Consumer Experiences and Merchant Efficiencies
Instant Payments Promise Better Consumer Experiences and Merchant Efficiencies
February 24, 2023  |  Real-Time Payments

There’s a not-far-off future where plastic credit and debit cards will be less popular with rising consumer groups drawn to instant payments, and that’s OK...

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Brazil to Cap Prepaid Card Interchange Fees to 0.7% Starting April 2023
Brazil to Cap Prepaid Card Interchange Fees to 0.7% Starting April 2023
September 26, 2022  |  Prepaid

The Central Bank of Brazil (BCB) is set to cap interchange fees for prepaid cards starting in April 2023, and it will also standardize the...

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UK Payment Systems Regulator to Review Visa, Mastercard Fees
UK Payment Systems Regulator to Review Visa, Mastercard Fees
June 21, 2022  |  Credit Cards

On Tuesday (June 21), the U.K.’s Payment Systems Regulator (PSR) detailed plans for two market reviews it will carry out focusing on card fees. One...

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UK Regulator Fines Four NatWest Banks for Interchange Fee Violations
UK Regulator Fines Four NatWest Banks for Interchange Fee Violations
May 12, 2022  |  Regulation

Four NatWest Group banks — National Westminster Bank, Royal Bank of Scotland, Ulster Bank and Coutts & Co. — were hit with fines totaling $1.9...

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Senate Democrats Grill Visa, Mastercard over Swipe Fees
Senate Democrats Grill Visa, Mastercard over Swipe Fees
May 05, 2022  |  Payment Methods

At a U.S. Senate hearing Wednesday (May 4), Visa and Mastercard defended their credit card fees while retailers and consumer groups accused the card networks...

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Interchange Fees Catch Heat, and Are Defended, on Capitol Hill  
Interchange Fees Catch Heat, and Are Defended, on Capitol Hill  
May 05, 2022  |  Credit Cards

At a Senate Committee on the Judiciary hearing on Wednesday (May 4), interchange fees — levied on merchants as credit cards are swiped, paid out...

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Emirates Airline Pushes ePayments To Avoid Interchange Fees
Emirates Airline Pushes ePayments To Avoid Interchange Fees
July 06, 2021  |  International

Emirates airline is at the forefront of an industry effort to encourage customers to pay carriers directly from bank accounts without involving third parties and...

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