Search for: "In re Payment Card Interchange"
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5 Jun 2012, 6:31 am
And its reach may have an effect on pending litigation against Visa, MasterCard and certain of their member banks in other countries, such as the In re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation in the United States. [read post]
10 Dec 2020, 8:56 am
Bank governor Philip Lowe, addressing the Australian Payments Network on Monday, said the current laws covering everything from cards to interchange fees between retailers and card providers were more than 20 years old. [read post]
26 Jun 2019, 7:52 am
Currently, Canadian debit cards must be authorized in real time. [read post]
3 Nov 2023, 6:00 am
Sure, acquirers levy a fee on merchants for settling card transactions, but their fees are a small portion of overall acceptance costs, the bulk of which is composed of interchange costs. [read post]
3 Dec 2020, 8:40 am
The claims, which accuse the credit card giant of violating EU and domestic competition law, are among a string of civil actions brought against Visa and Mastercard related to the complicated system of setting so-called multilateral interchange fees, or MIFs. [read post]
26 Aug 2021, 8:58 am
Class ActionDigital Transactions News – August 19, 2021 While the two global payments networks have been embroiled in a controversy over merchant debit card fees in the U.S. market, they also face trouble in the United Kingdom over an even bigger issue: credit card interchange fees. [read post]
11 Feb 2021, 8:10 am
“They’re trying to play the victim,” the lobbyist said. [read post]
1 Oct 2021, 8:47 am
In an online briefing of local merchants, CMSPI warned that the lack of disclosure by banks and global card schemes about scheme fees meant that they were being used to recoup revenue that had been lost because of the introduction of caps on interchange rates for debit and credit card transactions. [read post]
1 Apr 2021, 8:44 am
The recently initiated Federal Trade Commission and Justice Department investigations of complaints that the networks are interfering with merchants’ debit-routing choice under the Durbin Amendment have clearly re-awakened long-simmering emotions over radioactive interchange policies. . . . [read post]
14 Jun 2024, 6:00 am
In other words, instead of the 16-digit card number we’re all accustomed to using for transactions, this will be replaced with a randomly-generated “token. [read post]
30 Apr 2020, 7:44 am
EU Interchange Fee Regulation: Card Payments Cheaper for Retailers but Full Impact UnclearPolitico EU – April 28, 2020 The caps on debit and credit card interchange fees that resulted from the EU’s Interchange Fee Regulation (IFR) in 2015 have delivered on their intended purpose: bringing lower costs to merchants across Europe. [read post]
20 Oct 2022, 8:35 am
There are a few that are close than the payments industry. [read post]
5 Mar 2024, 5:00 am
I’ll focus on some rather straightforward points, but for deeper dives on specific issues to do with credit cards and competition (and regulation), see my International Center for Law & Economics (ICLE) colleague Julian Morris on the Credit Card Competition Act here; and Julian, Todd Zywicki, and Geoff Manne on payment-card interchange fees here. [read post]
12 Nov 2020, 7:24 am
“We’re feeling like the case just got wider, not smaller,” he said, adding that he is considering bringing cases on behalf of other CBD retailers whose businesses have been erroneously flagged as illegal by credit card companies. . [read post]
6 Feb 2023, 11:33 pm
Customers could buy a second smartphone--an Android phone--and use it for payments, but they're not going to spend that money, much less will they want to carry a second phone with them just to have more choice among contactless mobile payment systems. [read post]
8 Oct 2020, 8:56 am
And we’re also extending the time for developers in India to integrate with the Play billing system, to ensure they have enough time to implement the UPI for subscription payment option that will be made available on Google Play — for all apps that currently use an alternative payment system we set a timeline of 31st March 2022,” said Purnima Kochikar, director of Business Development of Games & Applications at Google Play, in a statement. . . . [read post]
6 May 2022, 9:14 am
Visa and Mastercard interchange fees since the 2006 hearing? [read post]
25 Jun 2020, 8:00 am
London Fintech Curve to Power Samsung Pay Card in the UKTechCrunch – June 24, 2020 Curve, the London fintech that is re-bundling various financial products by letting you consolidate all y [read post]
1 Oct 2021, 8:47 am
In an online briefing of local merchants, CMSPI warned that the lack of disclosure by banks and global card schemes about scheme fees meant that they were being used to recoup revenue that had been lost because of the introduction of caps on interchange rates for debit and credit card transactions. [read post]
23 Jul 2020, 7:22 am
The ruling comes after years of litigation in a sprawling multidistrict case related to credit charge interchange fees. [read post]
