Litigation finance firm owned by US hedge fund Elliott warns outcome could deter industry from backing other claims
Payments regulator says card duopoly’s sharp fee increases are costing businesses £170mn extra a year
Financial backer of landmark case complains £200mn deal ‘too low’, as other large companies face wave of claims
Test case brought on behalf of 46mn credit and debit card customers ends in deal for compensation of about £200mn
Visa and Mastercard can rest easy for now
Payment Systems Regulator cites 30% rise in charges with ‘little evidence’ the service has improved at same rate
Credit card holders accustomed to fancy perks are in for a rude awakening
Sellers will be able to charge different prices to consumers based on the card they use
Duopoly had raised their cross-border interchange rates for online transactions fivefold since Brexit
Fintechs are chipping away at card providers’ duopoly but progress will be slow
Fintechs need to consolidate to challenge the might of card networks
Division that covers payments and remittances valued at more than $5bn
Introducing smaller players and novel technologies could create hacking vulnerabilities
Payments company also not concerned about threat from development of central bank digital currencies
Ajay Banga tapped by Joe Biden as institution shifts to greater focus on climate change
They have little exposure to the risks from borrowers in hard times and benefit when consumers feel flush
The fintech disrupters of the payments sector are no such thing
Consumers may not feel much benefit from greater competition
Card networks under investigation over levies on UK-EU transactions
Court ruling in lawsuit alleging profits from illegal content lead credit card issuers to distance themselves from TrafficJunky
The adult industry’s de facto regulator isn’t government, international convention or business itself. It’s Mastercard and Visa
Watchdog says Visa and Mastercard have increased cross-border transaction fees fivefold
Payments using gestures have struggled to gain widespread adoption among consumers
I need one to help pay for his day-to-day personal expenses
Planning highlights risk for western powers that sanctions reorder the international payments landscape
