The Banker

Payments Industry Experts Reflect on the European Payments Initiative — What Comes Next?
The Banker 2022-08-18

The ambitious objective of the European Payments Initiative (EPI) was to lessen the long-standing reliance on the two main international card networks, Visa and Mastercard. Although 20 institutions have left the effort, the remaining 13 member banks are currently changing the project’s scope and goals to meet their reduced capability. In a comment to The […] Read more…

Interchange fee hike creating waves
The Banker 2021-07-26

Higher payment costs beckon for merchants in the UK and the EU as a result of the change, though issuing banks and other financial institutions that have partnered with the card giants can expect a revenue boost. Read more…

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