PSR consults on card payments: PSR has launched a call for evidence on card payment systems. The call for evidence is designed to:
- develop PSR's understanding of card systems fees and how they may be affected by reactions to the Interchange Fee Regulation (IFR);
- build PSR's understanding of the provisions on business rules and functional separation included in the IFR and their potential impacts;
- develop PSR's policy for monitoring compliance with and enforcing the IFR, subject to PSR being designated as a competent authority; and
- gather information on other possible concerns parties may have relating to indirect access, transparency of information and the decision-making process, governance and how service-users’ interests are represented in decision-making in card systems.
PSR asks for responses by 31 July. (Source: Call for Input: Card Payment Systems)