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....
On March 23, 2017 the Payment Systems Regulator (PSR) released a statement on card schemes subject to domestic interchange fee caps in the UK in 2017/18....
Retail groups in the UK believe competition regulators should widen their investigation into Mastercard’s acquisition of VocaLink, fearing it could drive up prices and stifle potential rivals.
Influential UK retail groups have raised concerns about steep rises in the scheme fees set by Visa and Mastercard, arguing they counteract EU initiatives and should be subject to regulatory...
UK government tells payment firms that mutual market access is "plausible" after Brexit; the European Commission speculates on the future of the EU; a European card industry body updates...
The recent flurry of EU payments regulation could be driving further consolidation within the acquiring market, experts believe, as firms are forced to evaluate the viability of their business...
A former director at the Payment Systems Regulator has said authorities should require the UK’s largest high-street banks to surrender their ownership and control of the country's fund transfer...
British Airways’ lawsuit against Mastercard alleging damage due to inflated interchange fees was stayed last month as the litigants awaited the outcomes of other landmark cases.
After a turbulent and unpredictable 2016, the global payments industry has its work cut out to prepare for a flurry of regulatory, legislative and policy reforms.
Merchants and card acquirers have expressed alarm that issuers may be exploiting loopholes around corporate cards to avoid EU-wide caps on interchange fees.
On October 12, 2016 the Belgian government introduced before the Chamber of Deputies Draft Law 2084/001 which provides “Measures for Execution of Regulation (EU) 2015/751 of the European...
The UK’s payments authority released its final guidance last week on the second phase of the EU’s Interchange Fees Regulation (IFR), meeting the industry on some matters, but not all.
On October 6, 2010, the UK's Payment Systems Regulator (PSR) published its final guidance on how it will monitor and enforce “all provisions” of the Interchange Fees Regulation (IFR)....
On September 1, 2016, Law 170/2016, which grants legislative powers to the Italian government to harmonise national legislation with the Regulation (EU) 2015/751 “on interchange fees for card...
The UK High Court has appealed for clarity from EU lawmakers to help resolve a dispute over interchange fees involving American Express, HM Treasury, MasterCard and Diners Club.

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