13 Sep

ABTA seeks to shape PSR review into card payments

ABTA has submitted a response to the Payment System Regulator’s (PSR) consultation on terms of reference for a market review into card-acquiring services, which closes tomorrow (14 September). The review was launched after ABTA raised concerns about the current arrangements. Our response highlights the need for greater transparency in the card payments market, especially as concerns the fees charged by merchant acquirers and scheme providers. Terms of reference will be confirmed later this year, and the PSR is expected to launch the review in spring 2019.