Although Europe lacks a pan-regional scheme to rival international card networks, building and igniting one means giving consumers and merchants a reason to get on board — something that is lacking today, says Gijs Boudewijn, general manager at the Dutch Payments Association. “There is hardly...
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 in the works. While it is not known how the payment would be split, the card networks and a number...
March 06, 2024
In the bid to build out a pan-European card network, will it be different this time? More than a decade ago, the Monnet Project Association, a group of 24 European banks from seven countries, sought to launch such a network. But much hinged on agreements over interchange fees for the banks — and the European […]
March 31, 2023
Although Europe lacks a pan-regional scheme to rival international card networks, building and igniting one means giving consumers and merchants a reason to get on board — something that is...
June 28, 2018
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 in the works. While it is not known how the payment would be split, the card networks and a number of banks may pay merchants a total of approximately $6.5 […]
