Friendly Fraud Surpasses Criminal Fraud for Online Merchants
The ECB recently published its annual card fraud report for 2021 which shows CNP fraud at its lowest levels since records began and a 12% reduction on the previous year. …
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. …
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 …
Dark Clouds Loom for American Express
It’s business as usual for American Express Company according to its 10-k …
The Cards Ecosystem hits $30 trillion – Merchants are Losing Out!
The card payments ecosystem will process $30trillion of payments next year. …
Ban on payment card surcharges in Europe could cost Airlines €1.5bn a year
There has been much coverage about how payment card surcharges will be prohibited …
How Brexit may impact merchants
Following Britain’s controversial vote to leave the European Union, it is important that merchants assess the future impact that Brexit will have …