Interchange Fees

Mastercard Fined $648M Over X-Border EU Interchange Fees
Mastercard Fined $648M Over X-Border EU Interchange Fees
January 22, 2019  |  Regulation

Mastercard was slapped with a $648.3 million fine by the European Union, which alleged that the payments company raised the costs of card payments artificially....

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Big Banks Struggle With Generous Rewards Cards
Big Banks Struggle With Generous Rewards Cards
January 02, 2019  |  Banking

U.S. banks are facing increased costs associated with their reward credit cards as a result of two years of increasing the rewards points they offered...

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India’s ATM Closures Seen As Boost To Demonetization Efforts
India’s ATM Closures Seen As Boost To Demonetization Efforts
December 14, 2018  |  Cash

In November 2016, the Indian government issued a ban on the nation’s higher-denomination 500- and 1000-rupee notes, essentially deeming 86 percent of its currency invalid....

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How Vendors Can Lower The Cost (And Risks) Of Card Acceptance
How Vendors Can Lower The Cost (And Risks) Of Card Acceptance
November 20, 2018  |  B2B Payments

With payment bigwigs like Visa, Mastercard and American Express pushing further into the B2B payments space, commercial card adoption is being driven by more than...

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UK Court Sends Retailer/Credit Card Fee Fight To Competition Tribunal
UK Court Sends Retailer/Credit Card Fee Fight To Competition Tribunal
July 05, 2018  |  Legal

The U.K.’s Court of Appeal ruled Wednesday (July 4) that a fight between U.K. retailers and credit card companies over fees has to be reexamined...

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Visa, Mastercard May Reach Settlement In Card Swipe Fee Suit
Visa, Mastercard May Reach Settlement In Card Swipe Fee Suit
June 28, 2018  |  Legal

More than a decade after merchants brought a class-action suit against Mastercard, Visa and card-issuing banks in 2005, a settlement between the parties is reportedly...

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Supreme Court: Amex Anti-Steering Does Not Run Afoul Of Antitrust Law
Supreme Court: Amex Anti-Steering Does Not Run Afoul Of Antitrust Law
June 25, 2018  |  Legal

And so, the two-sided market lives on. In a ruling Monday morning (June 25), the Supreme Court of the United States ruled that American Express,...

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UK Attorney Wants Permission To Appeal Mastercard Verdict
UK Attorney Wants Permission To Appeal Mastercard Verdict
August 15, 2017  |  Mastercard

Quinn Emanuel Urquhart & Sullivan, the law firm that lodged a £14 billion consumer collective action against Mastercard, is gearing up to appeal a rejection by...

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Mastercard Wins UK Ruling On Interchange Fees
Mastercard Wins UK Ruling On Interchange Fees
January 31, 2017  |  Mastercard

Mastercard is celebrating a High Court ruling in its favor in a lawsuit brought on by some of the U.K.’s top retailers regarding interchange fees....

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