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...
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 Belgium (NBB) published its first report on financial market infrastructures and payment services, which provides an overview of the NBB's oversight and...
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....
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.

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