Thinking Beyond
Transactions.

Payments economics

Interchange isn't the whole story: What Canada's new network fees tell us

From 19 October 2026 Mastercard's Canadian NABU fee bills every authorization attempt and half-price reversals and deletes the $25 small-ticket tier, repricing sub-$25 transactions 3.9x, while four acquirers publish the same network-set fee in four notations that do not reconcile without reversing the tax, FX and rounding layers.