binance left Coinmarketcap net_left adver left
Detail

British lawmakers target Visa and Mastercard fee increases

By Huw Jones LONDON (Reuters) - British lawmakers plan to scrutinise increases in the fees Visa (NYSE:V) and Mastercard (NYSE:MA) charge businesses after the country's payments...

By Huw Jones

LONDON (Reuters) - British lawmakers plan to scrutinise increases in the fees Visa (NYSE:V) and Mastercard (NYSE:MA) charge businesses after the country's payments regulator found no evidence to justify the rises, a parliamentary committee said on Thursday.

Parliament's Treasury Select Committee said the companies, whose networks account for 99% of card transactions in Britain, had increased the scheme and interchange fees paid by businesses to card issuers when a card is used.

"Given that Visa and Mastercard currently dominate this space, it's vital to ensure that there is sufficient regulation and competition in the market so that businesses are not subject to ever-increasing servicing costs," the chair of the committee, Mel Stride, said in a statement.

Mastercard and Visa had no immediate comment.

Businesses pay scheme fees to be part of a payments network and interchange fees that are based on individual transactions. Increases in fees merchants pay to card issuers are typically passed on to consumers, regulators have said.

Britain's Payment Systems Regulator (PSR) said in November that card services did not work well for smaller businesses.

It told Stride in a letter on Thursday that it will propose "remedies" this month to tackle rising scheme fees, which have doubled between 2014 and 2018.

"Our analysis indicates a substantial proportion of these increases were not explained by changes in the volume, value or mix of transactions," the PSR said. "Our ongoing engagement with merchants suggests that they have continued to significantly increase since then."

Amazon.com (NASDAQ:AMZN) said in November it would stop taking payments from Visa credit cards in Britain from mid-January due to rising fees.

Graphic: PSR Interchange Fees Graphic- https://fingfx.thomsonreuters.com/gfx/mkt/klvykqbywvg/PSR%20Graphic%20on%20Interchange%20Fees.PNG

Interchange fees for purchases by British consumers from the European Union rose last year after an EU cap ended due to Britain's full departure from the bloc at the end of 2020. Fees for purchases in Britain, however, remain capped under UK rules.

The PSR said it was closely monitoring the increases in cross-border interchange fees in October by Visa and Mastercard, saying it had seen no significant changes in costs for issuers.

"Our proposed work will be looking more closely at the reasoning behind the recent increases and whether this indicates any themes or concerns that warrant action from us," it said.

Stride said the Treasury committee would discuss the regulator's plans at a hearing in March.

Efforts in the EU to end the dominance and Mastercard have had mixed results.

ig right nyse right Neteller adver right
APPROVED BROKERS
rakuten_main right top net_home_top ig_main right top Binance _ main right top fbs_main right top tifia_main right top
24-01-2022 06:18:53 (UTC+7)

EUR/USD

1.1317

-0.0022 (-0.20%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (5)

EUR/USD

1.1317

-0.0022 (-0.20%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (5)

GBP/USD

1.3499

-0.0055 (-0.41%)

Summary

Neutral

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (9)

Sell (0)

USD/JPY

113.74

+0.06 (+0.05%)

Summary

Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (5)

Sell (3)

AUD/USD

0.7139

-0.0043 (-0.61%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (8)

Sell (1)

USD/CAD

1.2604

+0.0023 (+0.18%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (1)

Sell (6)

EUR/JPY

128.71

-0.20 (-0.16%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (10)

Sell (1)

EUR/CHF

1.0317

-0.0015 (-0.15%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (8)

Gold Futures

1,839.05

+7.25 (+0.40%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Silver Futures

24.082

-0.238 (-0.98%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Copper Futures

4.4402

-0.0838 (-1.85%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Crude Oil WTI Futures

84.91

-0.23 (-0.27%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (4)

Sell (4)

Brent Oil Futures

86.91

-0.17 (-0.20%)

Summary

Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (1)

Sell (5)

Natural Gas Futures

3.752

-0.030 (-0.79%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

US Coffee C Futures

233.10

-4.80 (-2.02%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (8)

Euro Stoxx 50

4,149.55

-80.01 (-1.89%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (8)

Sell (1)

S&P 500

4,397.93

-84.80 (-1.89%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

DAX

15,340.85

-263.03 (-1.69%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (5)

Sell (1)

FTSE 100

7,412.11

-82.02 (-1.09%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (9)

Sell (0)

Hang Seng

24,656.46

-309.09 (-1.24%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (5)

Sell (1)

US Small Cap 2000

1,987.92

-36.12 (-1.78%)

Summary

Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (5)

Sell (3)

IBEX 35

8,545.50

-149.20 (-1.72%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (9)

Sell (1)

BASF SE NA O.N.

65.240

-0.940 (-1.42%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (8)

Sell (0)

Bayer AG NA

51.20

-0.42 (-0.81%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (9)

Sell (0)

Allianz SE VNA O.N.

219.70

-2.00 (-0.90%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (8)

Sell (0)

Adidas AG

245.31

-5.29 (-2.11%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (11)

Sell (0)

Deutsche Lufthansa AG

6.761

-0.148 (-2.14%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (0)

Siemens AG Class N

141.23

-3.29 (-2.28%)

Summary

Neutral

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (5)

Sell (2)

Deutsche Bank AG

11.113

-0.365 (-3.18%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (8)

Sell (0)

 EUR/USD1.1317↑ Sell
 GBP/USD1.3499Neutral
 USD/JPY113.74Buy
 AUD/USD0.7139↑ Buy
 USD/CAD1.2604↑ Sell
 EUR/JPY128.71↑ Buy
 EUR/CHF1.0317↑ Sell
 Gold1,839.05↑ Sell
 Silver24.082↑ Sell
 Copper4.4402↑ Sell
 Crude Oil WTI84.91Neutral
 Brent Oil86.91Sell
 Natural Gas3.752↑ Buy
 US Coffee C233.10↑ Sell
 Euro Stoxx 504,149.55Neutral
 S&P 5004,397.93↑ Sell
 DAX15,340.85Neutral
 FTSE 1007,412.11Buy
 Hang Seng24,656.46↑ Buy
 Small Cap 20001,987.92Buy
 IBEX 358,545.50Neutral
 BASF65.240↑ Buy
 Bayer51.20↑ Buy
 Allianz219.70↑ Buy
 Adidas245.31↑ Buy
 Lufthansa6.761↑ Buy
 Siemens AG141.23Neutral
 Deutsche Bank AG11.113↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,170/ 6,210
(50/ 50) # 1,154
SJC HCM6,150/ 6,210
(27/ 17) # 1,155
SJC Hanoi6,150/ 6,212
(27/ 17) # 1,157
SJC Danang6,150/ 6,212
(27/ 17) # 1,157
SJC Nhatrang6,150/ 6,212
(27/ 17) # 1,157
SJC Cantho6,150/ 6,212
(27/ 17) # 1,157
Cập nhật 24-01-2022 06:18:56
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,839.28+4.650.25%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-IV2486025350
RON 95-II,III
E5 RON 92-II2359024060
DO 0.05S1890019270
DO 0,001S-V1925019630
Dầu hỏa1779018140
ↂ Giá dầu thô thế giới
WTI$84.78+0.840.98%
Brent$87.10+0.80.91%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.500,0022.810,00
EUR25.000,4426.401,93
GBP29.901,5831.178,49
JPY193,25204,57
KRW16,4019,98
Cập nhật lúc 18:09:51 24/01/2022
Xem bảng tỷ giá hối đoái
binance main right Fxpro Main Right aetos main right adver main right