Bank of England: higher interest rates mean UK Businesses are losing more to the banks
Recently published data (January Statistics) from the Bank of England shows the increasing spread (net interest margin) cost for companies. PNFCs deposits & loans A PNFC is a private non-financial corporation. …
UK’s Supreme Court Lands Heavy Blow Against Visa and Mastercard
In a historic victory for merchants, the UK’s Supreme Court has unanimously upheld the Court of Appeal’s previous ruling, finding that interchange fees do amount to a restriction of competition, insofar as they set a floor, below which merchants cannot negotiate with their acquirer. …
Brexit Could Increase Card Fees by Millions
Brexit Could Increase Card Fees by Millions but the Regulators Don’t Care. Most merchants have seen card fees reduce significantly in the last few years and this would be set to continue if it were not for… erm, Brexit. …
US Merchants Still Overpaying by Millions on PIN Debit
Back in 2010, when the world was still reeling from a global recession, the Dodd-Frank Wall Street Reform and Consumer Protection Act was enacted in the US, a law which affected almost every part of the nation’s financial services industry. …
Record-Breaking Results for AMEX
Record-Breaking Results For AMEX As It Maintains Its Illegal Merchant Fees In Europe. AMEX released its results for Q2 in July which show that its interest income has grown nearly 80% …
Hotel and Car-Hire Companies Reaping Rewards From Interchange Claims
Interchange claims may be more lucrative for hotel and car-hire companies. …
VISA and MasterCard Interchange Claims
Merchants can Still Recover Damages Against Global Card Schemes Visa and Mastercard …
Bankhawk Adds A New Payments Project Lead – Steve Glover
Bankhawk is pleased to introduce a new Payments Project Lead, Steve Glover, as the latest addition to the team. …
American Express Results Q1 2019 – The Devil is in the Detail
Have Amex hidden huge legal charges and why? Some really interesting developments have emerged about American Express …
Dark Clouds Loom for American Express
It’s business as usual for American Express Company according to its 10-k …