Are your interchange fees optimised for maximum savings? In today’s competitive financial landscape, every pound matters, especially when it comes to interchange fees. At PayX, we specialise in helping financial institutions like yours uncover hidden opportunities for cost savings through our comprehensive Interchange Fee Review service. Our team of payments experts dives deep into your…
Are you confident you’re getting the best value from your scheme fees? Many payments organisations unknowingly overpay or miss opportunities for optimisation, impacting profitability and growth. At PayX, we specialise in scheme fee reviews designed to uncover inefficiencies, ensure compliance, and reduce costs for payments organisations like yours. Our expert team: Our clients have achieved…
Are your interchange fees optimised for maximum savings? In today’s competitive financial landscape, every pound matters, especially when it comes to interchange fees. At PayX, we specialise in helping financial institutions like yours uncover hidden opportunities for cost savings through our comprehensive Interchange Fee Review service. Our team of payments experts dives deep into your…
If MasterCard’s analysis, published in their Insights paper 1Q2007, of the effects and outcomes of the RBA (Reserve Bank of Australia) intervention into Interchange Fees (ICFs) back in 2002 is to be taken at face value then the prospects for European consumers using payment cards, if MasterCard Europe’s final appeal of the 2007 EC decision…
If the recent article published on the Pymnts web site is accepted then it seems that Visa may be considering an exit strategy from Hungary in the face of substantial, and continuing, market share loss to MasterCard. According to the article, and cross referenced pieces, Visa’s problems stem from a commitment made to the EC…
It is becoming increasingly obvious to me that the Global and Regional card payment processing organisations have their sights set, if not on world or territorial domination, certainly on ever increasing size and scale. Where organic growth fails to deliver to aspirations, smaller operations are routinely acquired. Assuming this trend continues, and there is nothing…
Both of the international card schemes Visa and MasterCard, include in their impressive array of member fee tariffs an assessment fee for Issuers that breach a percentage threshold of authorisation referral responses to authorisation requests received. The percentage is 0.5% but that is incidental. Both card schemes are, of course, fiercely protective of their brand…
The regulatory position on interchange fees in Europe over the last 5/10 years has shifted significantly. Whereas in the 1990’s and as late as 2002 the competition authorities gave the international card schemes clearance when they filed their interchange fee arrangements (albeit the latter one with conditions) now the regulators seem to be very much…
So a man walks into a shop and says to the shopkeeper “I’d like to buy that electric drill in your window and pay with my MasterCard”. “Certainly Sir”, the shopkeeper replies and starts to pack the goods. “Actually”, the customer says, “I’ve changed my mind, I think I’ll pay in cash”. “Oh, I’m so…
I’ve said before that MasterCard’s final appeal of the EC’s December 2007 negative decision promises to be a major crossroads for the Card Industry and may have far reaching consequences. Ok, so it seems to take forever for these cases to be heard, but the clock is ticking and if the worst should happen, well,…