Mastercard and Visa may be challenged by a new European payment system - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

ICYMI: It'll be hard for a new European payment system to muscle out card networks, like Mastercard and Visa, that have deep roots in Europe

PEPSI could help banks capture more revenue from payments, especially considering interchange fee regulations have hindered their performances but not card networks'. A new report that the EC's Interchange Fee Regulation , which moved to restrict interchange fees on card transactions approximately five years ago, has reportedly cost issuers an estimated €2.95 billion in annual revenue.

Meanwhile, card networks' fees have been unaffected by the IFR, allowing card networks to raise fees and boost their revenue by €550 million on a yearly basis. PEPSI could enable issuing banks to cut out card network fees and drive revenue through proprietary fees or other tactics. PEPSI may be able to appeal to consumers in the EU due to their existing interest in debit payments, but it may have difficulty pulling cardholders away from entrenched card networks.

Debit payments are already a leading payment method in the EU, which could make PEPSI attractive to consumers. EU consumers report making more in-store and online payments with debit and prepaid cards than with any other payment option, per a report from

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 729. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

New Mercedes user experience system offers up to five screens - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. New S-Class...
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

All of Apple's upcoming MacBooks running on its new chip may have just leaked - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Walmart's new membership program may be Amazon Prime's next big rival - Business InsiderSCOTT GALLOWAY: Walmart's new membership program is $400 billion off from being a real competitor to Amazon Prime. But there's a simple approach that could make them a formidable rival. (by profgalloway) profgalloway I prefer EBay, and I welcome as a customer another option to buy goods. Don’t like too much amazon it have lots of cheap Chinese stuff that won’t last, or would be defective. Goods from 60-80s era made in USA were made with good materials and great craftsmanship.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

The Digital Wealth Management report from Business Insider - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Beazley has rolled out an online booking system for brokers - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »