A group of trade associations representing European retailers reportedly asked the European Commission to take action against Mastercard and Visa under European Union antitrust rules, alleging that the companies charge high fees and don’t provide transparency on those fees. In a letter dated Tuesday (May...
In 2022, as the pandemic waned, PYMNTS Intelligence found that only about 9% of consumers used digital banks for their primary financial relationships and accounts. Since then, however, the push toward using apps and mobile devices for everyday financial needs has been less wave than...
PYMNTS Intelligence noted in recent research that at the same time that consumers are using their credit cards to navigate an inflationary environment, and to purchase everyday essentials such as groceries, they also value the rewards tied to that spending. Consumers use general purpose cards...
Revolut and Visa reportedly filed legal challenges against the U.K.’s Payment Systems Regulator (PSR), seeking to overturn the regulator’s proposed cap on interchange fees on cross-border online payments. The two companies argue that the regulator overstepped its powers with the plan it proposed in 2023,...
May 14, 2025
In 2022, as the pandemic waned, PYMNTS Intelligence found that only about 9% of consumers used digital banks for their primary financial relationships and accounts. Since then, however, the push toward using apps and mobile devices for everyday financial needs has been less wave than tsunami, and for platforms linking with banks to deliver a […]
January 29, 2025
A battle in Illinois over interchange fees could influence other states to decide whether these fees should be reshaped or banned. Banks charge each other interchange fees to cover the...
December 26, 2024
Sweeping changes to debit card interchange fees — and the ways debit transactions are facilitated — may come in 2025. As a result, the economics of debit payments may also...
July 02, 2024
After three days of sparse quotes and speculation, the New York Eastern District court judge presiding over the latest chapter in the proposed credit card swipe fee settlement between Visa,...
May 20, 2025
The U.K.’s Competition Appeal Tribunal announced its judgment Tuesday (May 20) in a long-running class action lawsuit that was brought against Mastercard over its swipe fees. The judgment determines the distribution of the settlement of 200 million pounds that was announced in February, the Competition Appeal Tribunal said in a summary of the judgment. It […]
May 14, 2025
A group of trade associations representing European retailers reportedly asked the European Commission to take action against Mastercard and Visa under European Union antitrust rules, alleging that the companies charge...
March 07, 2025
Revolut and Visa reportedly filed legal challenges against the U.K.’s Payment Systems Regulator (PSR), seeking to overturn the regulator’s proposed cap on interchange fees on cross-border online payments. The two...
December 23, 2024
The Merchants Payments Coalition is urging the Federal Reserve to quickly finalize the Fed’s proposal to reduce the fees banks are allowed to charge merchants to process debit card transactions....
