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15 FEBRUARY 2019
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article thumbnail Tuesday, 05 February 2019

Visa, Mastercard succeed in second try to reach settlement for US$5b plus antitrust deal

•    Fund of more than $5b largest antitrust award ever
•    New settlement resolves conflict of interest issues

Visa Inc. and Mastercard Inc. have won preliminary approval in their second attempt at at settling antitrust allegations in the class action of over 12 million US merchants. Read more ...

 
     

Latest feature
     
 
Tough time for wallets

Retirement for Microsoft
Mobile Wallet projections
India KYC problem
Alipay QR code chosen
Microsoft has given up the wallet fight and will be retiring its version on February 28, 2019.
Read more ...
 
     
 
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article thumbnail Card & Payments World | News - InterchangeTuesday, 18 September 2018

Visa, Mastercard finally settle Walmart case for $6.2bn – 13 years on
Largest ever all-cash antitrust settlement ever
It was 2005 that a group of merchants, led by Wal-Mart, first went to court to argue that card payment fees were unfair. Read more ...

article thumbnail Card & Payments World | News - InterchangeTuesday, 11 September 2018

Cost of card acceptance leaps by 39%
BRC calls on UK government and regulator to step in
Cash use fell a further 1% last year and now accounts for just 22% of purchases
The British Retail Consortium says its members are suffering from the trend towards card payments and away from cash. Read more ...

article thumbnail Card & Payments World | News - InterchangeTuesday, 07 August 2018

Kroger's California subsidiary to ban Visa credit cards
Interchange battle heads for another showdown

Kroger says it will no longer accept Visa credit cards at Foods Co. stores in Central and Northern California as the two companies continue the battle over interchange rates and fees. Read more ...

article thumbnail Card & Payments World | News - InterchangeTuesday, 03 July 2018

Visa & MasterCard ready to settle Wal-Mart action
12 year legal case enters its final stages

Two important factors are pointing to the likelihood that MasterCard and Visa are getting close to settling their 2005 lawsuit brought by 12 million US merchants and known for years as the Wal-Mart Class action.

The first is the obvious one that chatter is increasing, and rather careful news sources are reporting on it. The second is that both Visa and MasterCard Read more ...

Card & Payments World | News - InterchangeMonday, 24 July 2017

£14bn Mastercard lawsuit rejected
Action would have involved up to 46 million cardholders Read more ...

article thumbnail Card & Payments World | News - InterchangeFriday, 17 March 2017

Card group sets out IFR compliance guidelines
Advice on implementing EU interchange fee regulation after extensive industry consultation Read more ...

article thumbnail Card & Payments World | News - InterchangeMonday, 30 January 2017

Mastercard welcomes interchange decision
Merchant claims rejected in £14bn lawsuit Read more ...

article thumbnail Card & Payments World | News - InterchangeFriday, 09 September 2016

£14bn lawsuit filed against Mastercard
Visa likely to escape similar action Read more ...

Card & Payments World | News - InterchangeFriday, 22 July 2016

Walmart stops Visa acceptance
Ban at 3 stores as interchange battle escalates

Read more ...
article thumbnail Card & Payments World | News - InterchangeThursday, 07 July 2016

MasterCard faces £19bn lawsuit
Follow-on action from EC interchange battle Read more ...

article thumbnail Card & Payments World | News - InterchangeTuesday, 09 February 2016

Move to fees as interchange cuts bite
Card and non-card customers across Europe hit by extra charges after cap, claims policy group Read more ...

article thumbnail Card & Payments World | News - InterchangeTuesday, 18 September 2018

Visa, Mastercard finally settle Walmart case for $6.2bn – 13 years on
Largest ever all-cash antitrust settlement ever
It was 2005 that a group of merchants, led by Wal-Mart, first went to court to argue that card payment fees were unfair. Read more ...

article thumbnail Card & Payments World | News - InterchangeTuesday, 11 September 2018

Cost of card acceptance leaps by 39%
BRC calls on UK government and regulator to step in
Cash use fell a further 1% last year and now accounts for just 22% of purchases
The British Retail Consortium says its members are suffering from the trend towards card payments and away from cash. Read more ...

article thumbnail Card & Payments World | News - InterchangeTuesday, 07 August 2018

Kroger's California subsidiary to ban Visa credit cards
Interchange battle heads for another showdown

Kroger says it will no longer accept Visa credit cards at Foods Co. stores in Central and Northern California as the two companies continue the battle over interchange rates and fees. Read more ...

article thumbnail Card & Payments World | News - InterchangeTuesday, 03 July 2018

Visa & MasterCard ready to settle Wal-Mart action
12 year legal case enters its final stages

Two important factors are pointing to the likelihood that MasterCard and Visa are getting close to settling their 2005 lawsuit brought by 12 million US merchants and known for years as the Wal-Mart Class action.

The first is the obvious one that chatter is increasing, and rather careful news sources are reporting on it. The second is that both Visa and MasterCard Read more ...

Card & Payments World | News - InterchangeMonday, 24 July 2017

£14bn Mastercard lawsuit rejected
Action would have involved up to 46 million cardholders Read more ...

article thumbnail Card & Payments World | News - InterchangeFriday, 17 March 2017

Card group sets out IFR compliance guidelines
Advice on implementing EU interchange fee regulation after extensive industry consultation Read more ...

article thumbnail Card & Payments World | News - InterchangeMonday, 30 January 2017

Mastercard welcomes interchange decision
Merchant claims rejected in £14bn lawsuit Read more ...

article thumbnail Card & Payments World | News - InterchangeFriday, 09 September 2016

£14bn lawsuit filed against Mastercard
Visa likely to escape similar action Read more ...

Card & Payments World | News - InterchangeFriday, 22 July 2016

Walmart stops Visa acceptance
Ban at 3 stores as interchange battle escalates

Read more ...
article thumbnail Card & Payments World | News - InterchangeThursday, 07 July 2016

MasterCard faces £19bn lawsuit
Follow-on action from EC interchange battle Read more ...

article thumbnail Card & Payments World | News - InterchangeTuesday, 09 February 2016

Move to fees as interchange cuts bite
Card and non-card customers across Europe hit by extra charges after cap, claims policy group Read more ...

 
     
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