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Visa and Mastercard’s proposed USD 30 billion antitrust settlement to cap credit and debit card fees for US merchants has been signalled to be declined by a US District judge.
regulation, settlement, interchange fee, merchant, SMEs, credit card, debit card
The Payment Systems Regulator (PSR) has recently published an interim report suggesting that card schemes do not face effective competition in the supply of scheme and processing services to acquirers.
Visa, MasterCard, card scheme, credit card, debit card, prepaid card, payments , interchange fee, scheme fee, regulatory sandbox, regulation, payment processor, merchant, Acquirer, report
‘Capital One's acquisition of Discover will disrupt Durbin's straitjacketed debit market’. Eric Grover, Intrepid Ventures
credit card, debit card, interchange fee, Visa, MasterCard, Discover, acquisition, merchants, banks
US-based payment technology corporation Mastercard has planned to increase fees for credit and debit card transactions by nearly USD 250 million.
digital payments, interchange fee, credit card, debit card, merchant, ecommerce
Largest automated payments clearing house in Africa, BankservAfrica, has been appointed by Union Pay International (UPI) as the domestic processor to fast-track affordable and accessible card payments in South Africa.
partnership, digital payments, credit card, debit card, ATM, POS, compliance, regulation, payment processor, payment processing, digitalisation, financial inclusion, interchange fee, payments infrastructure
Visa and Mastercard have been rumored to increase the fees that many merchants pay when they accept customers’ credit cards.
credit card, merchant, interchange fee, payments , retail
Ahead of the Retail Technology Show, we interviewed Moshe Winegarten, CRO at Ecommpay, about the problems and opportunities for retailers in the ecommerce sector, and the trending payment habits retailers must be aware of.
payments orchestration, ecommerce, ecommerce platform, merchant, online payments, BNPL, API, checkout optimisation , Open Banking, Open Banking payments, local payment method, SMEs, interchange fee, Interchange Fee Regulation, acquisition, banking license, MPI licence, EMI licence, Brexit
Canadian telecoms company Telus has announced it will charge a 1.5% interchange fee on the credit card bills of customers outside Quebec.
credit card, payment processing, interchange fee, scheme fee
Germany-based startup Topi has raised USD 45 million in equity and debt financing to provide hardware-as-a-service for B2B merchants who can choose to pay in installments for necessary equipment.
B2B payments, instalment payments, BNPL, interchange fee, merchant, merchants, SMEs, startup, funding, online payments, cash flow