The Court of Justice of the European Union issued two separate but related rulings last week involving American Express. PaymentsCompliance examines why Amex lost its battle to be exempt from...
American Express has lost its battle with the EU’s top court over whether certain three-party arrangements should be subject to caps on interchange fees, in one of two related rulings handed down...
On January 29, 2018 the Payment Systems Regulator (PSR) published a notice of requirements to provide information under Section 81(1)(b) of the Financial Services (Banking Reform) Act 2013 (FSBRA),...
Following the delegation of powers established in Articles 11 and 12 of Law 170/2016, the Ministry of Economy and Finance has opened a public consultation on planned amendments to Legislative...
Rules forcing Visa and Mastercard to separate their scheme and processing business lines are due to take effect next month, after the European Parliament and Council rubber-stamped the reforms.
European retail organisations have called on authorities to expand the scope of interchange fee controls to tackle other “stupendous” charges imposed by card schemes, as new rules banning merchants...
A Danish consumer watchdog has accused Apple’s mobile payments arm of flouting controls on interchange fees, calling on national competition regulators to investigate.
On May 31, 2017 the National Bank of Belgium (NBB) published its first report on financial market infrastructures and payment services, which provides an overview of the NBB's oversight and...
The European Commission has stood firm in its dispute with the European Banking Authority (EBA) over rules requiring Visa and Mastercard to separate their scheme and processing business lines.
HM Treasury has promised to examine whether it can support retailers adversely affected by EU-level interchange fee rules, after admitting some sectors have seen costs rise by as much as 3,000...
A UK court has blocked an unprecedented £14bn class action lawsuit against Mastercard that sought to give refunds to millions of consumers.
Authorities are still at a stalemate over rules forcing Visa and Mastercard to separate their schemes and processing activities, after an underwhelming scrutiny session in the European Parliament.
A “second wave” of antitrust action against Mastercard and Visa is on its way, according to the legal team supporting new claims from betting firms, retail giants and high-street shops.
On May 31, 2017 the National Bank of Serbia (NBS) prepared and published a draft law on interchange fees and special operating rules for card-based payment transactions.The draft law is expected...
UK regulators are confident that new providers are eager to fight for a piece of the country’s fund transfer infrastructure market once VocaLink is no longer under bank control.
On March 24, 2017, the Payment Systems Regulator (PSR) published its decision on the Financial Penalty Scheme for the use of the money it retains from financial penalty receipts.Following an eight...

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