On 11 September 2014, the Competition and Markets Authority (CMA) published a statement on its website about the future progress of its ongoing investigations into the interchange fee arrangements for UK domestic point-of-sale transactions made using MasterCard/Maestro and Visa consumer payment cards.

What this means for you

The CMA is now considering the developments including the EC's proposed interchange fee regulation, for its investigations of MasterCard's and Visa's interchange fee arrangements for UK domestic transactions. The CMA expects to make a decision regarding how to proceed with its investigations by the end of October 2014.