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The UK’s Payment System Regulator (PSR) has announced its plans to consult on whether to implement a cap on cross-border card fees charged when European consumers shop online from UK businesses.
interchange fee, scheme fee, cross-border payments, report, credit card, debit card
The Consumer Financial Protection Bureau (CFPB) has announced the removal of an overdraft loophole that made overdraft loans immune to lending regulations.
scheme fee, regulation, banking, banks, financial services
A federal US judge has declined a request made by the Consumer Financial Protection Bureau (CFPB) to revoke an order that blocked a regulation capping credit card late fees at USD 8.
regulation, online payments, digital payments, financial services, scheme fee
Visa and Mastercard have been under scrutiny in Europe, with EU antitrust regulators investigating whether their fees negatively impact retailers.
scheme fee, retail, regulation, card scheme, credit card, debit card
Callum Godwin, Chief Economist at CMSPI, discusses the State of the Industry Report launch and what readers can expect from the inaugural edition.
product launch, merchant, online payments, tokenization, payment fraud, payments , regulation, interchange fee, scheme fee
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
Global payment processor and card issuer, Visa, has reportedly been testing a new way to allow users to pay Ethereum fees in fiat currency, using their credit card.
cryptocurrency, crypto asset, crypto, credit card, debit card, card scheme, digital payments, digital wallet, blockchain, Ethereum, scheme fee