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.

Merchant card acquiring is an integral part of the UK economy enabling retailers to accept payment by card for the goods and services they provide. It is imperative that any market review of this sector is undertaken on the right basis and with access to all the necessary information.