Interchange fees come under scrutiny in the US again
Visa and MasterCard are facing more scrutiny from US Congressional lawmakers over the setting of interchange fees, amid growing discontent…
ByMonth: July 2007
MasterCard to launch prepaid contactless card in Italy
Postepay, the prepaid card from Italian post office Poste Italiane, has enjoyed considerable success since its launch in 2003, and…
ByECB pushes for European debit scheme
It is no secret that the European Central Bank (ECB) would like to see the emergence of a European-owned and…
ByRegion Round-up
In May 2007, credit card lending by Mexican banks totalled MXN238.7 billion ($22.22 billion), up from MXN166.9 billion in May…
ByCanada embraces move to chip
The countrys payment card industry which has a strong payment infrastructure already in place has formally committed itself to chip…
ByBanks pressure NETS to raise fees
The debit network argues that since even its owners, Singapores banks, have been lured by the interchange revenue offered by…
ByLessons from the Asian credit crises
A new report from the Bank of International Settlements (BIS), the central bank of central banks, has examined the excessive…
ByCiti looks overseas for credit growth
The worlds largest card issuer, Citi, has been fighting sluggish credit conditions in the US and is now favouring expansion…
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