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Amex, Interchange And PSD2: A Brief History
13th Feb 2018 | Written by:
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...
Amex Not Exempt From Interchange Caps, Rules EU Court
8th Feb 2018 | Written by:
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...
Israel Regulator Adds Sweetener To Card Company Offer
1st Feb 2018 | Written by:
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...
UK: PSR Issues Notice of Requirements to Provide Information on IFR
30th Jan 2018 | Written by:
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),...
Renewed Calls For ‘Urgent’ PSR Action In Cash Dispute
25th Jan 2018 | Written by:
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,...
In Depth: Regulator Piles Pressure On LINK Amid Bank Funding Row
24th Jan 2018 | Written by:
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...
EU Finalises Card Scheme Split Rules
19th Jan 2018 | Written by:
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.
Fears Grow Over Free ATMs As Regulator Deepens Investigation
18th Jan 2018 | Written by:
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.
Israel: Central Bank Consults on Interchange Fees Reduction
17th Jan 2018 | Written by:
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...
Interchange Rules ‘Not Fit For Purpose’ Ahead Of EU Review
9th Jan 2018 | Written by:
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...
Payments Industry 2017 In Focus: Main Stories And Trends
22nd Dec 2017 | Written by:
The global payments industry has undergone a year characterised by conflict — between traditional financial institutions and emerging technologically savvy rivals, and between regulators,...
India Interchange Reforms Divide Industry
14th Dec 2017 | Written by:
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.
UK Regulator Fires Warning Over Cash Machine Dispute
11th Dec 2017 | Written by:
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’...
India: Reserve Bank Issues Rationalisation of Merchant Discount Rate for Debit Card Transactions
7th Dec 2017 | Written by:
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...
Apple Pay Faces Competition Question In Denmark
27th Nov 2017 | Written by:
A Danish consumer watchdog has accused Apple’s mobile payments arm of flouting controls on interchange fees, calling on national competition regulators to investigate.
Australian Interchange Controls Bring ‘Modest’ Cost Savings
27th Nov 2017 | Written by:
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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