LOGIN
SUBSCRIBE
UPGRADE
LOGOUT
Open menu
PayDay News - Payments Industry News Australia
Got a story
to share?
Open menu
LOGIN
SUBSCRIBE
UPGRADE
LOGOUT
PayDay News | Australian Payments News

Scheme fees in Europe’s spotlight after 10 yrs of fee cap failures

PayDay News
18 Jun, 2025
Add us as a preferred source on Google
Staff Reporter
PayDay News
18 Jun, 2025
Add us as a preferred source on Google
A group of prominent European retailers has renewed calls to regulate fees charged international card schemes (ICS) on card transactions, saying a lack of controls is seriously undermining efforts to reduce the cost of card payments.
Scheme fees in Europe’s spotlight after 10 yrs of fee cap failures
A group of European retail groups says the increasing cost and escalating complexity of scheme fees needs regulatory attention. Currently Europe only regulates interchange fees, rather than the scheme fees charged

A group of prominent European retailers has renewed calls to regulate fees charged international card schemes (ICS) on card transactions, saying a lack of controls is seriously undermining efforts to reduce the cost of card payments.

Subscriber article

This article is available to PayDay News subscribers.

Subscribe to continue reading
PAYDAY NEWS ANNIVERSARY EDITION

trending

Embattled Bolt now issuing cards in New Zealand and Hong Kong
Amid the controversy in Australia regarding CTF/AML compliance laws for subsidiary Bano, Australian banking as a service (BaaS) fintech Bolt Group is now issuing cards in Hong Kong
Convera names four leaders for cross-border payments push
Convera has appointed four senior leaders with experience at PayPal, Zelle and Shopify to advance cross-border payments, foreign exchange risk management and payment services embedded directly in existing
PropertyMe adds ApplySafe to leasing and payments platform
PropertyMe is adding rental applications to its platform as it expands integrated payments and explores Digital ID and open banking tools to protect renters’ information.
The cruel farewell to Australia’s humble eftpos-only card
AP+’s small purchase interchange hikes sharpen a national payments pioneer’s decline, while banks narrow vulnerable customers’ choices and collect more dollars from a dying product.
Tighter crypto CFD rules promise retail protection but could pressure platforms
Securities regulator ASIC and the Reserve Bank have launched new consultations on crypto proposals that promise better protections for users but they could come at a cost for

RELATED STORIES ▸

Embattled Bolt now issuing cards in New Zealand and Hong Kong
Embattled Bolt now issuing cards in New Zealand and Hong Kong
Embattled Bolt now issuing cards in New Zealand and Hong Kong
Amid the controversy in Australia regarding CTF/AML compliance laws for subsidiary Bano, Australian banking as a service (BaaS) fintech Bolt ...
The cruel farewell to Australia’s humble eftpos-only card
The cruel farewell to Australia’s humble eftpos-only card
The cruel farewell to Australia’s humble eftpos-only card
AP+’s small purchase interchange hikes sharpen a national payments pioneer’s decline, while banks narrow vulnerable customers’ choices and collect more ...
NZ cuts commercial card fees as ATO fallout continues
NZ cuts commercial card fees as ATO fallout continues
NZ cuts commercial card fees as ATO fallout continues
New Zealand expects NZ$40 million in annual savings from commercial card caps, while Australia retains its 0.8% ceiling and funds ...
No-surcharge Grinch hits charity Christmas appeals
No-surcharge Grinch hits charity Christmas appeals
No-surcharge Grinch hits charity Christmas appeals
If run this year, one charity’s Christmas appeal could lose $40,000 in donor top-ups as advisers called for a forensic ...
Partnership launches Asia-Pacific’s first unified fleet payments network
Partnership launches Asia-Pacific’s first unified fleet payments network
Partnership launches Asia-Pacific’s first unified fleet payments network
Amongst Asia-Pacific’s rapidly growing fleet payments ecosystem, where transaction volumes are estimated at $435 billion annually, WEX and Mastercard have ...
ATO tip of iceberg as card fee hikes hit mainstream businesses
ATO tip of iceberg as card fee hikes hit mainstream businesses
ATO tip of iceberg as card fee hikes hit mainstream businesses
The RBA knew by March that Visa and Mastercard could raise credit card fees for mainstream businesses and government. Yet ...

Got a story to share?

Get in touch with PayDay News today!
Click here to email us

Topics

Advertising Enquiry

Fill out the form below, and we will be in touch shortly.

Contact Information

Got a story to share

Fill out the form below, and we will be in touch shortly.

Contact Information