Tag: Visa
UK Parliament Want Visa, Mastercard To Explain Swipe Fees Hike
On Wednesday (July 13), the Treasury Committee at the UK Parliament sent letters to Visa and Mastercard requesting them to explain their increases in cross-border interchange...
UK Regulator To Review Visa, Mastercard Processing & Swipe Fees
The U.K. Payment Systems Regulator (PSR) published on Tuesday (June 21) details of two market reviews that is planning to conduct later this year...
Settlements OK’ed For Distribution In Credit Card Interchange Fees Class Action
Camp Fiorante Matthews announced today court approval of a plan for the distribution of settlement funds in the Canadian credit card interchange fees action....
Regulatory Compliance Platform W2 Teams Up With Visa UK
Regulatory compliance software platform W2 is teaming up with payments behemoth Visa to offer “enhanced compliance solutions and tools for U.K. Platinum and Infinite...
Lawmakers Ask Mastercard, Visa To Cancel Credit Card Swipe Fee Increases
The National Retail Federation (NRF) has joined bipartisan U.S. lawmakers in calling for Mastercard and Visa to hold off on their planned credit card...
Judge Revives Debit Card Antitrust Case Against Visa
A US appeals court revived an antitrust case against Visa Inc on Tuesday over debit card services, while also reassiging the dispute to a...
Visa, Mastercard Face New Class-Action Over Fees
A commercial litigator in the UK is filing a class-action lawsuit on behalf of a large group of clients contesting multilateral interchange fees (MIFs)...
UK Scrutinizes Visa & Mastercard Fee Increases
British lawmakers plan to scrutinize increases in the fees Visa and Mastercard's charge businesses after the country's payments regulator found no evidence to justify...
Visa Plans To Negotiate With Amazon Over High Fees
Visa’s chief executive called Amazon’s decision to ban UK-issued credit cards from its platform “odd” and “unfortunate,” but said he expects the spat to...
UK’s Visa Cards In Amazon Crosshairs Over High Fees
According to a press release, Amazon will stop accepting Visa credit cards issued in the United Kingdom from next year because of the high transaction...
