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Tag: Interchange Fee

How the Value-Added Services of Loyalty 2.0 Could Help Offset Interchange Revenue Contraction

Interchange revenue constriction for card issuers and banks is likely to result from the settlement between Visa, Mastercard, and U.S. merchants reducing rates and...

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A turning tide for challenger banks?

The climate has changed for fintechs and challengers this year. They are entering unchartered territory in a rising interest rate and recessionary environment with...

Best Business Models for Startups: 2024 Prediction

The fintech sector in 2023 has experienced unparalleled expansion, marking its prominent role in the worldwide financial landscape.  As per EMR's data, the global fintech...

The UPI Phenomenon: From Zero to 10 Billion

If there is one Indian innovation that has grabbed global headlines, it is undoubtedly the instant payment system UPI (Unified Payments Interface). In August 2023, monthly...

Visa and MasterCard Set to Decrease Average Interchange Fee to Under 1% in Canada | National Crowdfunding & Fintech Association of Canada

May 19, 2023   Enterprise, FinTech and Alternative Finance, Fintech Services, Innovation and Resources, Leadership, Productivity, Competition, Human Capital, Health, Payments, Transfers, Rewards...

Visa and MasterCard to Lower Interchange Fee to Less Than 1% in Canada: Details by National Crowdfunding & Fintech Association of Canada

Visa and MasterCard have announced that they will be lowering their interchange fees to less than 1% in Canada. This move is expected to...

Podcast 429: Arik Shtilman of Rapyd

One thing that has been driving the fintech industry forward in the last few years has been the growth of infrastructure companies. Building the...

Hindenburg Research says Jack Dorsey’s fintech company facilitates fraud against “unbanked” customers; Block shares plunge

“Our 2-year investigation has concluded that Block has systematically taken advantage of the demographics it claims to be helping. The “magic” behind Block’s business...

Bitcoin a Risk to Profits Says Bank

“Use of emerging alternative payment platforms, such as Apple Pay or Bitcoin or other cryptocurrencies, can alter consumer credit card behavior and consequently impact...

Barclays fined £8.4m by payments regulator for breaking interchange fee rule

The UK Payment Systems Regulator (PSR) has fined banking heavyweight Barclays £8.4 million for failing to comply with the Interchange Fee Regulation (IFR). Barclays fined...

Barclays slapped with £8.4 million interchange fee fine

The Payment Systems Regulator has fined Barclays Bank £10 million for failing to supply retailers with full information about the fees attached to...

Visa, Mastercard and AmEx go big on earnings – Discover down

Its that time again…and its been another stellar quarter for most of the big payments companies even as the rival Big Tech sector has...

Class action lawsuit served against Visa and Mastercard to contest interchange fees

A significant class action lawsuit has been served against Visa and Mastercard at the UK’s specialist competition tribunal on behalf of a large number...

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