BRC: Card Charging Ruling ‘Historic and Highly Significant’

A ruling that a decision outlawing charges levied on retailers by MasterCard should be upheld is being called ‘historic and highly significant’ by the British Retail Consortium (BRC).

In 2007 the charges imposed on UK retailers for the processing of credit and debit card payments from customers in other EU countries (so called cross-border transactions) were declared anti-competitive and unlawful by the European Commission.…

PIF Research Reveals a Maturing UK Prepaid Market

PIF research has revealed that the frequency of spend on consumer loaded cards has nearly doubled and that year-on-year average load values have grown nearly three times. It also noted that Polymath Consulting analysis reveals the number of consumer loaded prepaid card programmes has grown significantly in the past four years, from just 50 in 2007 to 229 in 2011.…

Prepaid International Forum announces new Chairman and Board expansion

Prepaid International Forum (PIF) today announced that Robert Courtneidge, who will shortly join US law firm Locke Lord as Global Head of Cards & Payments, has been elected as Chairman of the forum and will join the Board of Directors.  It further announced the appointment of four new Directors – Craig James, CEO of Neopay Ltd, Judith Rinearson, a partner in Bryan Cave LLP’s New York offices, Peter Sidenius, Director, Edgar Dunn & Company and Paul Stanley, CEO at ReD.…