February 3rd 2017 | International Payments Expertise
Picture of Payments: The path to interchange regulation - choose carefully
The image above is the cover of the spring edition of Payments Intelligence magazine (UK). Click here to download the publication.
In July 2016, MasterCard was ordered to pay Sainsbury’s £69 million plus interest costs in compensation for setting anti-competitive multilateral interchange fees over a period of several years - setting a precedent for other merchants. CMSpi calculate that if the Sainsbury’s baseline were applied across all UK merchants, the total reclaim amount for Visa and MasterCard credit cards would be in excess of £2 billion.