Interchange Fees

New Zealand’s Commerce Commission Proposes Cutting Merchant Card Fees
New Zealand’s Commerce Commission Proposes Cutting Merchant Card Fees
December 18, 2024  |  Regulation

New Zealand’s Commerce Commission has proposed reducing the fees the country’s businesses pay for accepting Mastercard and Visa payments. The Commission issued its draft decision...

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ABA Urges Fed to Withdraw Proposed Debit Interchange Fee Cap
ABA Urges Fed to Withdraw Proposed Debit Interchange Fee Cap
December 16, 2024  |  Bank Regulation

The American Bankers Association (ABA) said the proposed amendments to Regulation II that would cap debit card interchange fees are “fundamentally flawed and should not...

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UK’s Regulator to Cap Cross-Border Interchange Fees
UK’s Regulator to Cap Cross-Border Interchange Fees
December 13, 2024  |  Credit Cards

The United Kingdom’s Payment Systems Regulator (PSR) proposed a price cap on cross-border interchange fees and is seeking comment on the level at which the...

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European Lawmakers Ask UK to Reconsider Cap on Interchange Fees
European Lawmakers Ask UK to Reconsider Cap on Interchange Fees
December 12, 2024  |  Credit Cards

European lawmakers reportedly asked the United Kingdom’s Payment Systems Regulator (PSR) to reconsider its plans to restore a cap on interchange fees that was lifted...

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Mastercard and Consumer Advocate Agree to Settle British Swipe Fee Lawsuit
Mastercard and Consumer Advocate Agree to Settle British Swipe Fee Lawsuit
December 03, 2024  |  Mastercard

Mastercard and a consumer advocate reportedly reached an agreement in principle to settle a long-running British lawsuit regarding card fees. The company and Walter Merricks announced...

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Visa, Mastercard Warn of ‘Unintended Consequences’ From CCCA at Senate Hearing
Visa, Mastercard Warn of ‘Unintended Consequences’ From CCCA at Senate Hearing
November 19, 2024  |  Credit Cards

So called “credit card swipe fees” — specifically, interchange fees — burden consumers and businesses, resulting in higher prices charged for goods and services, critics...

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Durbin Shows Support for Illinois Interchange Law by Filing Amicus Brief
Durbin Shows Support for Illinois Interchange Law by Filing Amicus Brief
October 08, 2024  |  Legal

U.S. Sen. Dick Durbin of Illinois is supporting an Illinois law that will bar the charging of interchange fees on the tax and tip portions...

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Missing Pieces: What the Pundits Get Wrong About the DOJ Debit Interchange Lawsuit Against Visa
Missing Pieces: What the Pundits Get Wrong About the DOJ Debit Interchange Lawsuit Against Visa
October 01, 2024  |  VISA

After listening to and scrolling through days of “expert” commentary about the lawsuit filed by the DOJ against Visa over debit interchange, I feel compelled...

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Neobanks See An Opportunity As Banks Move Away From Free Services
Neobanks See An Opportunity As Banks Move Away From Free Services
July 05, 2024  |  Banking

The arguably natural consequences of fee caps and limits on debit interchange — and the uncertainty of the regulatory climate — are now showing up...

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