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UK Payments Regulator To Probe Card Acquiring Market

“The PSR says the review will explore whether the supply of card-acquiring services is competitive and works in the interests of merchants, and ultimately consumers. In particular, it will address concerns that acquirers are holding on to the savings they made from EU-imposed IFR interchange fee caps, which could indicate that some merchants – especially smaller merchants – are suffering “significant harm” because competition in the supply of card-acquiring services is not working well.”