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PSR Consults on Card Fee Transparency and Governance Standards

The UK Payment Systems Regulator (PSR) is consulting on new standards to increase transparency and governance in card scheme and processing fees. These measures aim to provide businesses with clearer pricing information and ensure fee-setting is evidence-based, following a market review that found a lack of competition and clarity.

High Court Upholds PSR Powers to Cap Card Fees

The UK High Court has upheld the Payment Systems Regulator's (PSR) powers to cap cross-border interchange fees, following a legal challenge. This decision allows the PSR to proceed with its analysis and potential implementation of fee caps, aiming to reduce costs for UK businesses.