Card Acquirer Market Review

Card Acquirer Market Review

In 2018, the Payment Systems Regulator (PSR) started a market review into whether the supply of card acquiring services – that enable merchants to accept card payments – was working well for UK merchants and ultimately consumers.

UK Finance has welcomed the opportunity to engage with this Card Acquirer Market Review - payments are a fundamental part of the UK economy and ensuring businesses can accept payments from their customers, with ease and adequate protection from default risk, is important. UK Finance has engaged throughout the lifecycle of the Card Acquirer Market Review with the PSR, responding to consultations and providing industry insight where necessary.

During 2022, UK Finance has responded to the remedies proposed by the PSR and is expecting a final report in the Autumn.

Area of expertise:

You may be interested in

06.04.22

Consultation Responses

UK Finance response to consultation on Card Acquiring Market Remedies

UK Finance has responded to the Card Acquiring Market Remedies is made following detailed engagement with UK Finance’s Payment Acceptance Policy Group, which includes major UK banks, long established international payment services providers and newer entrants to the market.

16.02.21

Consultation Responses

UK Finance Response to AMR Consultation PSR Acquiring Market Review Interim Report (AMR)

In this response we set out key impact statements in Part 1 and more detailed commentary in Part 2. UK Finance welcomes the Interim Report and the continued positive engagement of the PSR in the consultation process.

01.08.19

Consultation Responses

UK Finance response to PSR Market Review into the supply of card-acquiring services: Consultation on the approach to the profitability analysis

UK Finance has responded to the PSR Market Review into the supply of card-acquiring services: Consultation on the approach to the profitability analysis.

12.07.19

Consultation Responses

UK Finance response to PSR Market Review into the supply of card-acquiring services: Draft Questionnaire

UK Finance has responded to the PSR Market Review into the supply of card-acquiring services: Draft Questionnaire.

14.09.18

Consultation Responses

PSR: Draft Terms of Reference for Market Review of card acquiring services

UK Finance welcomes the opportunity to respond to the Payment Systems Regulator's (PSR) consultation on the draft Terms of Reference (ToRs) for its Market Review of Card Acquiring.