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...
The Bank of Israel has cut interchange fees for certain cards ahead of the divestment of two card businesses currently owned by the country’s largest banks, fuelling anticipation of a foreign...
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),...
British parliamentarians are insisting that regulators take "immediate action" against ATM network operator LINK to stop the potential closure of thousands of free-to-use machines,...
UK regulators are insisting that the country’s cash machine system operator must honour its agreement to open the provision of ATM infrastructure to wider competition, despite a funding dispute...
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.
The UK’s Payment Systems Regulator has been warned that independent free-to-use cash machines are at risk if network operator LINK bows to increased competition and changes its fee structure.
On January 16, 2018 the Bank of Israel published a consultation on its intention to reduce the interchange fees for debit cards by 30 percent. Interchange fees will be reduced from the current rate...
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...
The global payments industry has undergone a year characterised by conflict — between traditional financial institutions and emerging technologically savvy rivals, and between regulators,...
Changes to service fees on cards and digital payments in India have ignited a dispute between retailers, issuers and acquirers, with each corner fearing the new rules will leave them out of pocket.
The UK’s Payment Systems Regulator has responded to calls for it to intervene in a potential change in the fee structure of UK cash machines, amid concerns that the move would limit customers’...
On December 6, 2017 the Reserve Bank of India (RBI) published a "Rationalisation of Merchant Discount Rate (MDR) for Debit Card Transactions", with the instructions coming into effect from January...
A Danish consumer watchdog has accused Apple’s mobile payments arm of flouting controls on interchange fees, calling on national competition regulators to investigate.
Australia’s central bank and payments regulator has set its sights on bringing down card acceptance costs for retailers, after studying the effects of its controls on interchange fees.

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