Interchange Fees

Visa and Mastercard Interchange Fee Increases May Come in October, April
Visa and Mastercard Interchange Fee Increases May Come in October, April
August 30, 2023  |  Credit Cards

Visa and Mastercard are reportedly preparing to raise the credit card fees paid by merchants. Those increases are scheduled to start in October and April,...

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Delivery Hero Wins $43.6 Million UK Lawsuit Against Mastercard
Delivery Hero Wins $43.6 Million UK Lawsuit Against Mastercard
July 19, 2023  |  Legal

German food delivery company Delivery Hero has been awarded $43.6 million from Mastercard in a victory in the United Kingdom courts. The online food delivery company took legal action...

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Block Sues Visa and Mastercard Over Interchange Fees
Block Sues Visa and Mastercard Over Interchange Fees
July 17, 2023  |  Legal

Visa and Mastercard have been accused by Block of conspiring to inflate fees and increase retail prices paid. The antitrust lawsuit filed Friday (July 14)...

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UK Tribunal Halts Proposed Class-Action Lawsuits Against Mastercard and Visa
UK Tribunal Halts Proposed Class-Action Lawsuits Against Mastercard and Visa
June 08, 2023  |  Credit Cards

Proposed lawsuits against Mastercard and Visa in the United Kingdom have been halted. The country’s Competition Appeal Tribunal ruled Thursday (June 8) that the four lawsuits proposed by...

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Credit Card Competition Act Puts Merchants, Not Consumers, in Charge of Card Rewards and Payments Security Decisions
Credit Card Competition Act Puts Merchants, Not Consumers, in Charge of Card Rewards and Payments...
June 07, 2023  |  Regulation

If at first you don’t succeed, try, try again. That seems to be the prevailing sentiment Wednesday (June 7) when it was announced that the Credit...

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Appeals Court Approves Settlement of Visa and Mastercard Antitrust Suit
Appeals Court Approves Settlement of Visa and Mastercard Antitrust Suit
March 16, 2023  |  Credit Cards

A federal appeals court has approved a settlement of a class-action lawsuit brought against Visa and Mastercard. The settlement, in which the payment card networks...

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Instant Payments Promise Better Consumer Experiences and Merchant Efficiencies
Instant Payments Promise Better Consumer Experiences and Merchant Efficiencies
February 24, 2023  |  Real-Time Payments

There’s a not-far-off future where plastic credit and debit cards will be less popular with rising consumer groups drawn to instant payments, and that’s OK...

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Brazil to Cap Prepaid Card Interchange Fees to 0.7% Starting April 2023
Brazil to Cap Prepaid Card Interchange Fees to 0.7% Starting April 2023
September 26, 2022  |  Prepaid

The Central Bank of Brazil (BCB) is set to cap interchange fees for prepaid cards starting in April 2023, and it will also standardize the...

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UK Payment Systems Regulator to Review Visa, Mastercard Fees
UK Payment Systems Regulator to Review Visa, Mastercard Fees
June 21, 2022  |  Credit Cards

On Tuesday (June 21), the U.K.’s Payment Systems Regulator (PSR) detailed plans for two market reviews it will carry out focusing on card fees. One...

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