An antitrust lawsuit if successful could have a significant impact on the payment processing giant
Plus, regulators accuse Visa of monopolising debit payments and LVMH’s Bernard Arnault bans staff from speaking to certain media outlets
Central bank cuts benchmark rate and unveils support for property and stock markets
Payments company had ‘web of exclusionary agreements’ to shore up $7bn-a-year debit business, justice department says
Payment Systems Regulator cites 30% rise in charges with ‘little evidence’ the service has improved at same rate
Credit card holders accustomed to fancy perks are in for a rude awakening
Sellers will be able to charge different prices to consumers based on the card they use
Duopoly had raised their cross-border interchange rates for online transactions fivefold since Brexit
Fintechs are chipping away at card providers’ duopoly but progress will be slow
Fintechs need to consolidate to challenge the might of card networks
Introducing smaller players and novel technologies could create hacking vulnerabilities
They have little exposure to the risks from borrowers in hard times and benefit when consumers feel flush
Payments company says withdrawal from Russia was factor in falling short on transactions goal
The fintech disrupters of the payments sector are no such thing
Consumers may not feel much benefit from greater competition
Card networks under investigation over levies on UK-EU transactions
Court ruling in lawsuit alleging profits from illegal content lead credit card issuers to distance themselves from TrafficJunky
The adult industry’s de facto regulator isn’t government, international convention or business itself. It’s Mastercard and Visa
Watchdog says Visa and Mastercard have increased cross-border transaction fees fivefold
Fraudsters target UK shoppers on average twice a week, research finds
Planning highlights risk for western powers that sanctions reorder the international payments landscape
Move by payment networks worsens country’s financial isolation over Ukraine invasion
Online retailer drops threat to block UK payments and surcharges in Australia and Singapore
Amazon halts Visa ban, wonder of Wordle, Balmuda’s toaster oven
Online retailer delays implementation of policy as companies work on ‘potential solution’
