Articles with tag like: interchange fee

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The status of interchange fees in the US – interview with Austen Jensen, the Retail Industry Leaders Association

Interviews | Ecommerce | 07 Jul 2021

In this exclusive interview for The Paypers, Austen Jensen, Senior VP, RILA, elaborates on the US interchange fees space and key regulatory initiatives, providing insights into how merchants can get ready for the new schedule expected to go into effect in 2022

interchange fee, regulation, merchants, credit card, COVID-19, debit card

Mastercard fighting to keep UK class action at a minimum loss

News | Cards | 29 Mar 2021

Mastercard is battling attempts to add about 14 million deceased people to a GBP 14 class action in an effort to limit the scope of an historic case.

Mastercard, card scheme, interchange fee

Visa raises interchange fees for UK-based cardholders

News | Online Payments | 23 Mar 2021

Visa has been reported to follow Mastercard’s earlier decision as it plans to increase interchange fees on purchases made by British customers from most of Europe.

Visa, interchange fee, Brexit, online payments

Visa faces US Justice Department probing over debit practices

News | Cards | 22 Mar 2021

The Justice Department has been probing whether Visa uses anticompetitive practices in the debit-card market, according to Reuters.

Visa, debit card, interchange fee, merchants

Visa, Mastercard to delay interchange fees hike in the US

News | Online Payments | 17 Mar 2021

Visa and Mastercard have announced that they are postponing plans to boost the fees US merchants pay when consumers use credit cards online until April 2022 because of the pandemic.

Visa, Mastercard, interchange fee, online payments

Creating a level playing field in the cross-border transactions space

Voice of the Industry | Payments General | 16 Mar 2021

Gino Ravaioli, Chairman of the DCC Forum, examines why now is the time to open up the industry to greater competition

DCC Forum, cross-border payments, Brexit, interchange fee, merchants, regulation, European Commission

Expensify launches booking service to its payment card platform

News | Cards | 17 Jun 2020

US-based company Expensify has rolled out a virtual assistant through which travellers can book flights, hotels, and rental cars via chat or email. 

Expensify, Concierge Travel, launch, booking service, Expensify Card, interchange fee, cards, COVID-19, Global Rescue, expense management, US, cardholders

Visa interchange fee restructure to be delayed

News | Cards | 01 Apr 2020

Visa has announced that due to the COVID-19 crisis will delay the rollout of the new interchange fee structure, implementing it in July instead of April.

coronavirus, Visa, interchange fee, merchants, cards, consumer, ecommerce, retailers, transactions , cross-border

Interview with Andrew Cregan on the card fee landscape in the EEA

Interviews | Cards | 27 Mar 2020

The Paypers interviewed Andrew Cregan, Head of Payment Policy, British Retail Consortium, to learn more about interchange fees’ impact on merchants

Andrew Cregan, British Retail Consortium, BRC, interchange fee, card fee, EEA, European Economic Area, merchants, scheme fees

CardFlight introduces Level 2 credit card processing support for SwipeSimple

News | Cards | 27 Jun 2019

CardFlight has introduced Level 2 credit card processing support for SwipeSimple to allow merchants to gather and track additional data points for each transaction.

CardFlight, credit card processing, credit card, SwipeSimple, merchant, interchange fee

A world first in reduced card processing fees

Voice of the Industry | Expert Opinion | 09 May 2019

Kevin Smith, Riskskill: What does the inter-regional interchange fee rate picture look like today and where is it moving to?

Riskskill, interchange fee, card processing, merchant acquirers, Visa, MasterCard

Kroger rolls out QR-code-based mobile wallet

News | Payments General | 18 Feb 2019

Kroger has launched Kroger Pay, a QR-code-based mobile wallet that allows customers to load their payment and loyalty cards to pay for groceries and earn rewards points.

Kroger, QR-code mobile wallet, mobile payments, mobile wallet, US, Kroger Pay, Visa, card, interchange fee

Visa, Mastercard could raise interchange fees

News | Cards | 18 Feb 2019

Visa and Mastercard have allegedly shared plans to raise interchange fees on card transactions in the US.

Visa, MasterCard, interchange fee, card payments, merchant, US

Visa, Mastercard to cap card fees for non-EU travelers

News | Cards | 03 Jan 2019

The European Commission has announced that non-EU Mastercard and Visa cards used in European stores will have the same rates of interchange fees as European cards

Visa, MasterCard, card fee, debit card, credit card, European Union, retail, Europe, interchange fee

Mastercard, Visa to lower fees for European merchants

News | Online Payments | 06 Dec 2018

European Union has announced that Mastercard and Visa agreed to lower fees assessed to merchants when they accept debit or credit cards issued outside Europe.

MasterCard, Visa, interchange fee, Europe, merchant. debit card, credit card