UK Watchdog to review rising visa and mastercard fees

By Alex Davidson (June 21, 2022, 2:59 p.m. BST) – The payments watchdog said on Tuesday it plans to look into why Mastercard and Visa have raised card fees payable by banks providing services to cardholders cardholders and merchants and whether it harms competition.

The payments systems regulator will focus on fee hikes by the two companies which account for 99% of debit and credit cards in the UK, particularly on cross-border transactions with Europe after Brexit.

“We have defined what we will assess in these reviews, which will then inform any decision on what steps we may need to take to promote…

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

  • Access to case data in articles (numbers, filings, courts, nature of lawsuits, etc.)
  • Access to attached documents such as briefs, motions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and more!


About Nancy Owens

Check Also

FTSE 100 Live Aug 04: Bank of England to hike interest rates, Next rise in earnings forecast

1659608502 Go-Ahead takeover continues after £670m bid increase London bus and commuter rail operator Go-Ahead …