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PSR consults on proposed remedies following market review of card scheme and processing fees

Summary by LexBlog
On 2 April 2025, the Payment Systems Regulator (PSR) published a consultation paper, CP25/1, on proposed remedies to the issues that it found in the final report of its market review into scheme and processing fees. Background Following increases in card scheme and processing fees paid by UK businesses, the PSR has been examining the level of these fees to understand whether they, or other factors, indicate the market is not working well. The fi…
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European Tech AllianceEuropean Tech Alliance

EUTA calls for a future-proof EU payment framework supporting innovation and fair competition - European Tech Alliance

Brussels, 4 April 2025 – The European Tech Alliance (EUTA) welcomes the European Commission’s proposals for the Payment Services Regulation (PSR) and the Third Payment Services Directive (PSD3) as a pivotal opportunity to build a more harmonised, innovative, and competitive payment landscape in Europe. In its latest position paper, EUTA highlights key priorities to ensure the new rules support growth for European digital businesses while protect…

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Fintech FinanceFintech Finance

PSR Proposes Remedies to Improve the Market for Scheme and Processing Fees

PSR Proposes Remedies to Improve the Market for Scheme and Processing Fees

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London Loves BusinessLondon Loves Business

Regulator proposals on card fees 'fall well short' of what is needed, says the BRC - London Business News

The Payment System Regulator (PSR) today published their long-awaited consultation outlining their proposals to tackle the harms in the card scheme and processing fees market. Unfortunately, the proposals fall well… The post Regulator proposals on card fees ‘fall well short’ of what is needed, says the BRC appeared first on London Business News

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LexBlogLexBlog
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Financial services: Regulation tomorrowFinancial services: Regulation tomorrow

PSR consults on proposed remedies following market review of card scheme and processing fees

On 2 April 2025, the Payment Systems Regulator (PSR) published a consultation paper, CP25/1, on proposed remedies to the issues that it found in the final report of its market review into scheme and processing fees. Background Following increases in card scheme and processing fees paid by UK businesses, the PSR has been examining the level of these fees to understand whether they, or other factors, indicate the market is not working well. The fi…

Read Full Article
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LexBlog broke the news in on Thursday, April 3, 2025.
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