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Scoop.it!
The European Commission has bashed Mastercard with a EUR570 million fine for obstructing merchant access to low-cost cross-border payment services. 
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Scoop.it!
Merchant plaintiffs and the state of New York filed motions Tuesday in a federal appellate court to
Vineet Anand's insight:
Surcharging will be permitted in NY with disclosure of the amount, placing more pressure on issuers on managing IC & reward costs!
Scoop.it!
Major perks like airfare and cash back were meant to lead to higher returns. But consumers figured out how to game the system. Now banks are trying to figure out how to keep customers happy while cutting extras.
Vineet Anand's insight:
"What's in your wallet?" Banks over the past 18 months have been on acquisition spree with some very attractive rewards. As costs rise by 15% in Q3; Interchange fee push back by merchants; and rewards outstanding at record highs... will current macro economics create a pull back by issuers??
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Curated by Vineet Anand
Payment Industry leader passionate about Fintech, Innovation in Banking, Product Management & Strategy, driving revenue growth through client management, business development and P&L focus.
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Payments Ecosystem
The Payments ecosystem is evolving at an unprecedented pace driven by mobile, cloud computing, start-up's challenging the behemoths, and new technologies. My personal collection of curated stories and blogs.
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EU cross-border interchange ruling of 2013; fines levied on MC.