PayHuddle®’s Post

🔔 Latest Blog: Assessing the Proposed Visa and Mastercard Settlement in the Context of Recent Fee Increases In March, a proposed settlement for U.S. merchants accepting Visa and Mastercard card transactions was released, representing a major milestone in a nearly two-decade class action lawsuit. The proposed settlement would require the networks to introduce 4 and 7 basis point decreases to published and average domestic credit interchange fees, respectively, but how do these decreases compare to recent fee increases for U.S. retailers? Continue reading here: https://lnkd.in/eJrAMebX #CMSPI #Settlement #Merchants #CardPayments #CardFees #Interchange

Today's Digital Transactions News: Dueling Estimates of Merchant Savings; Global's Results Buoyed with EVO; Mastercard Revenue up 10% https://buff.ly/3wfVEho #payments #CCCA #CreditCardCompetitionAct #swipefees #interchange #creditcards #GlobalPayments #acquiring #EVO #CapitalOne #Discover #Mastercard #crossboarderpayments

"The Payment Systems Regulator in the #UK conducted a review that showed that the two companies (Visa & Mastercard) had raised their fees 30% in the last five years, with no corresponding increase in service quality." It could be interesting to have a similar study for other European markets. #payment #merchants #fees #transparency

https://lnkd.in/gbd9s5Ch "Visa and Mastercard both argue the scheme fees they levy are already transparent to those that pay them: card issuers, and those providing payment services to retailers."

Are you keeping up with the latest innovations in the payments industry? Checkout our latest blog on The Evolving Payments Landscape and how you can adapt yourselves to innovative advancements and standards. Here’s what we covered in this blog: ✅️ EMV contactless and contact ✅️ Cloud-based kernels ✅️ Mobile wallets ✅️ Regulatory impacts ✅️ APIs in payments innovation ✅️ User experience in payments ✅️ Automated payment testing systems Read the blog ⏩ https://lnkd.in/gFH8cPP5 #digitalpayments #payments #visa #mastercard #discover #amex #rupay #jcb #unionpay #npci #nchl #elo #nets #troy #pulse #dna #interac #bccard #NAPA #verve #afrigo #fintechindia #creditcard #debitcard #merchants #uspayments #seamless 

💥 𝗩𝗶𝘀𝗮 𝗮𝗻𝗱 𝗠𝗮𝘀𝘁𝗲𝗿𝗰𝗮𝗿𝗱 𝗙𝗮𝗰𝗲 𝗠𝘂𝗹𝘁𝗶-𝗕𝗶𝗹𝗹𝗶𝗼𝗻 𝗣𝗼𝘂𝗻𝗱 𝗟𝗮𝘄𝘀𝘂𝗶𝘁 𝗢𝘃𝗲𝗿 𝗜𝗻𝘁𝗲𝗿𝗰𝗵𝗮𝗻𝗴𝗲 𝗙𝗲𝗲𝘀 💥 A significant lawsuit has been filed in the UK against Visa and Mastercard, accusing them of overcharging businesses through excessive interchange fees. 💳💼 These fees—paid by merchants to card-issuing banks for processing transactions—have long been a contentious issue in the payments industry. The Payment Systems Regulator (PSR) is supporting the case, highlighting its potential to recover billions for UK businesses. 🏦💷 If successful, this lawsuit could challenge how interchange fees are set, bringing greater scrutiny and potential reforms to the payment systems. ⚖️✨ As the case unfolds, it could redefine fairness and transparency in the payments ecosystem. How do you see this impacting merchants, banks, and the future of payments? 🤔 Source: https://lnkd.in/duxBXxUW #Visa #Mastercard #Payments #Regulation

This month, Mastercard and Visa both released their latest earnings results – covering Visa’s Q3 2024 and Mastercard’s Q2 2024 – with cross-border payments continuing to play a major role in delivering volumes for both companies. In a recent analysis, we explore the highlights from both Visa and Mastercard's results: https://lnkd.in/e25StiDh #FXCIntelligence #Earnings #Crossborder #Payments #GlobalPayments #Highlights #Visa #Mastercard #Finance #FinancialServices #Fintech

When you think about largest trade corridors from an outbound point of view, clearly UK 🇬🇧merchants are a door to call 👌. Our PagoNxt Merchant Solutions - Getnet value prop in LATAM is amongst the strongest 😎😎.We can serve our Santander clients 🔥🔥to collect from their customer through any type of payment methods into our Santander accounts, no matter if it’s PIX in Brazil 🇧🇷 or Bizum in Spain 🇪🇸. We have tons to offer, we know it, and our CEO Héctor Grisi Checa also knows it 😃 our Banking Relatinships in UK and US are the point of entry for our Getnet Multinationals value prop in LATAM and Europe. Let’s make it happen through our technology. Paula Herrero Oliver Raimundo Sala Albert #payments #GetnetMultinationals #crossborder

The Consumer Financial Protection Bureau (CFPB) today (May 22) issued an interpretive rule that confirms that Buy Now Pay Later (BNPL) lenders are credit card providers! BNPL lenders such as Klarna, Afterpay and Affirm should be treated in some ways like credit card providers, according to one US financial regulator - CFPB. Like credit card providers, BNPL firms must investigate disputes, refund returned products or voided services, and provide billing statements. Latest interpretation brings Buy Now, Pay Later (BNPL) companies closer to the regulatory framework of credit card providers, although BNPL firms are not required to assess consumers' ability to repay short-term installment loans. For some time, BNPL providers have anticipated greater regulation. The global BNPL market is projected to grow from $37.19 billion in 2024 to $167.58 billion by 2032, as per the recent report. This move marks a significant step in integrating BNPL firms into the existing regulatory landscape, ensuring fair competition and consumer protection. #creditcards #BNPL #ConsumerProtection #Credit #Klarna #Regulations #Fintech