UK Regulator Raps Schemes for Raising Fees and Concludes that Card-Acquiring Services Market “Does Not Work Well”
By Richard Pike, Simon Yeung and Andreas Killi[1] A comprehensive government review has concluded that the card-acquiring services that enable merchants in the UK to accept card payments is not working well for a significant number of merchants. The UK’s Payment Systems Regulator (PSR; the economic regulator of the payment systems industry in the UK) published its final report on its market review into card-acquiring services in the UK on...