On April 10, 2018 the Bank of Ghana published a consultation on guidelines for electronic payment channels, which have been drafted in accordance with Section 99(2)(b) of the proposed Payment...
Sweden’s regulatory and legal framework is expected to go through many changes in the upcoming period, with PSD2 and the GDPR both coming into effect in May 2018. New players entering the payments...
On March 26, 2018, the Central Bank of Brazil published three circulars and three separate public consultation papers, all of which relate to payment schemes and institutions....
On March 27, 2018 the Payment Systems Regulator (PSR) released a statement on card schemes subject to domestic interchange fee caps in the UK in 2018, confirming that American Express will continue...
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 future of the Australian payments sector shows promising growth. There has been significant focus around the review and development of the existing regulatory framework in anti-money...
This practical guide provides an overview of the Interchange Fee Regulation (EU) 2015/751 (IFR) of the European Parliament and Council of April 29, 2015, and supplementing Regulation 2018/72 on the...
On February 27, 2018, the government published a consultation report regarding the amendment of the Financial Market Authority Act for implementation of Regulation (EU) 2015/751 of the European...
American Express faces an anxious wait to find out whether the U.S. Supreme Court will uphold allegations of anti-competitive conduct, related to its contractual arrangements with retailers.
Israel’s central bank has reaffirmed its plans to toughen controls on interchange fees, announcing rates will be set lower and introduced more speedily than initially proposed last month.
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...
One of Europe’s largest retailers is unconvinced that EU-wide caps on interchange fees have been effective in lowering the cost of card acceptance, saying there is “lots to be done” by both...
Calls for Australian regulators to impose an outright ban on interchange fees as early as 2019 and bring in controls on other charges in the card payment network have been met with caution.
On February 15, 2018 the Ministry of Finance published the second part of a study assessing the costs for merchants of accepting payments via payment cards and how interchange rates under the EU...
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...

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