Interchange Fees

Revolution Payments Tackles Biz Card Fees With Level 3 Data
Revolution Payments Tackles Biz Card Fees With Level 3 Data
April 08, 2019  |  B2B Payments

Revolution Payments announced its Level 3 Processing solution that can help businesses reduce the interchange cost of accepting commercial or government credit cards by 1 percent to...

READ MORE >
Russia’s Trade Assoc. Accuses Visa, Mastercard Of Market Power Abuse
Russia’s Trade Assoc. Accuses Visa, Mastercard Of Market Power Abuse
March 01, 2019  |  International

Russia’s trade associations have accused Visa and Mastercard of abuse of market power in the country. According to RT.com, the Association of Internet Trade Companies,...

READ MORE >
UK Retailers Press For Commercial Card Interchange Fee Caps
UK Retailers Press For Commercial Card Interchange Fee Caps
February 27, 2019  |  B2B Payments

The European Union’s (EU’s) battle against U.S. card company interchange fees reached new levels earlier this year when the European Commission (EC) issued a $648.3...

READ MORE >
Card Networks Mull Fee Increase
Card Networks Mull Fee Increase
February 15, 2019  |  Retail

The costs of using some cards is going on the incline, as news is breaking that the nation’s two largest card networks, Visa and Mastercard,...

READ MORE >
Link, ATM Operator Face Potential Court Fight
Link, ATM Operator Face Potential Court Fight
February 03, 2019  |  Bank Regulation

NoteMachine, one of the biggest ATM operators in the U.K., is threatening to sue Link, the U.K. body that oversees the network of cash machines...

READ MORE >
CardX CEO: Ban On Card Surcharge Ban May Lead to Lower Interchange Fees
CardX CEO: Ban On Card Surcharge Ban May Lead to Lower Interchange Fees
January 28, 2019  |  Regulation

Will the ban on the credit card surcharge automatically lead to significantly higher prices when consumers opt for the plastic (via card or digital wallets)...

READ MORE >
Mastercard Fined $648M Over X-Border EU Interchange Fees
Mastercard Fined $648M Over X-Border EU Interchange Fees
January 22, 2019  |  Regulation

Mastercard was slapped with a $648.3 million fine by the European Union, which alleged that the payments company raised the costs of card payments artificially....

READ MORE >
Big Banks Struggle With Generous Rewards Cards
Big Banks Struggle With Generous Rewards Cards
January 02, 2019  |  Banking

U.S. banks are facing increased costs associated with their reward credit cards as a result of two years of increasing the rewards points they offered...

READ MORE >
India’s ATM Closures Seen As Boost To Demonetization Efforts
India’s ATM Closures Seen As Boost To Demonetization Efforts
December 14, 2018  |  Cash

In November 2016, the Indian government issued a ban on the nation’s higher-denomination 500- and 1000-rupee notes, essentially deeming 86 percent of its currency invalid....

READ MORE >