Payments News Update - June 24, 2022
Posted 06/24/22
Legal and Regulatory Developments
SPOTLIGHT: UK Watchdog to Review Post-Brexit Visa and Mastercard Fees
Reuters – June 21, 2022
Britain's payment systems regulator (PSR) will conduct two market reviews of card fees charged by Visa and Mastercard, the U.S. companies that account for 99% of debit and credit card payments in the UK. The PSR's announcement on Tuesday follows heavy pressure from lawmakers to launch...