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Payment Systems Merchants Financial Services Industry

Sheppard Mullin Richter & Hampton LLP

Swipe Fee Showdown: Illinois Passes Novel Payments Law

Illinois has become the first state to enact restrictions on credit and debit card interchange fees – commonly known as swipe fees – linked to taxes and gratuities. The Interchange Fee Prohibition Act (the “Act”), embedded as...more

Hogan Lovells

Payments regulatory news, March 2020 #3

Hogan Lovells on

COVID-19: UK Finance increases spending limit for contactless card payments - On 24 March 2020, UK Finance has announced that, from 1 April 2020, it is increasing the spending limit for contactless card payments from £30...more

Ballard Spahr LLP

The Federal Reserve’s Entry into Real-Time Payments

Ballard Spahr LLP on

Real-time payments (RTP) has been the rave of recent payments industry news. With the Federal Reserve announcing that it is about to embark upon the creation of a ubiquitous real-time payments framework, the topic is...more

A&O Shearman

UK Payment Systems Regulator Revises Timeline for Market Review into the Supply of Card-Acquiring Services

A&O Shearman on

The U.K. Payment Systems Regulator has revised the timeline for its work on the market review into the supply of card-acquiring services. The PSR will publish its interim report for consultation in Q1 2020, instead of by the...more

A&O Shearman

UK Payment Systems Regulator Launches Consultation on Supply of Card-Acquiring Services

A&O Shearman on

The U.K. Payment Systems Regulator has launched a consultation on the PSR's proposed approach to assessing the profitability of card-acquiring service providers for U.K. merchants and consumers. The Consultation Paper may be...more

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