Interchange Fees

Neobanks May Face Squeeze in Europe If X-Border Fee Caps Materialize
Neobanks May Face Squeeze in Europe If X-Border Fee Caps Materialize
December 13, 2023  |  Regulation

Beyond the card networks, among those that may feel the squeeze should cross-border interchange fees see new caps in the United Kingdom are neobanks. As...

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British Payment Regulator Calls for Cross-Border Card Fee Cap
British Payment Regulator Calls for Cross-Border Card Fee Cap
December 13, 2023  |  Regulation

Visa and Mastercard are under pressure to cap cross-border merchant fees in the U.K. The Payment Systems Regulator (PSR) on Wednesday (Dec. 13) published an update to its review of cross-border...

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Lawsuit Accuses Visa of Electronic Payment Monopoly
Lawsuit Accuses Visa of Electronic Payment Monopoly
December 11, 2023  |  Legal

Visa is reportedly facing an antitrust lawsuit alleging that it has blocked fair competition in the credit and debit card processing market. MiCamp Solutions, a provider...

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Judge Investigates ‘Suspicious’ Settlement Website Related to Visa, Mastercard Case
Judge Investigates ‘Suspicious’ Settlement Website Related to Visa, Mastercard Case
November 13, 2023  |  Legal

Class-action settlements often involve websites with information for the class members. But in the case of a multibillion-dollar class action lawsuit against Visa and Mastercard,...

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Amid Great ‘Interchange Debate,’ What Happens to Rewards Programs?
Amid Great ‘Interchange Debate,’ What Happens to Rewards Programs?
November 01, 2023  |  Loyalty & Rewards

The debate over interchange is now fully underway (again) on Capitol Hill. The question remains as to what happens with rewards programs — the sweeteners,...

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Durbin Sets Sights on Frequent Flyer Rewards and Takes CCCA Battle to the Skies
Durbin Sets Sights on Frequent Flyer Rewards and Takes CCCA Battle to the Skies
October 31, 2023  |  Loyalty & Rewards

The fight over the Credit Card Competition Act (CCCA) has taken to the skies. This week, Sens. Dick Durbin, D-Ill., and Roger Marshall, R-Kan., who...

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Fed Proposes Slashing Debit Interchange Fees by 30%, to Review Caps Every Two Years 
Fed Proposes Slashing Debit Interchange Fees by 30%, to Review Caps Every Two Years 
October 25, 2023  |  Bank Regulation

The most significant overhaul of debit card interchange fees in more than a decade looms, where those fees may be cut by roughly 30%. In...

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Citi and Navan Introduce All-in-One Travel Solution for CCB Cardholders
Citi and Navan Introduce All-in-One Travel Solution for CCB Cardholders
October 19, 2023  |  Travel Payments

Citi and Navan have launched a new travel and expense system for Citi Commercial Bank (CCB) cardholders, the companies said Thursday (Oct. 19). This collaboration...

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WooCommerce and Veem Partner to Expand Global Commercial Payments
WooCommerce and Veem Partner to Expand Global Commercial Payments
October 12, 2023  |  Commercial Payments

Open-source eCommerce platform WooCommerce has announced a partnership with Veem, a global payments provider, in a Thursday (Oct. 12) press release. This collaboration aims to...

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