The Payment Systems Regulator (PSR), as a concurrent UK competition regulator, has published the full details of its first infringement decision under the Competition Act 1998 in relation to two cartels in the prepaid cards market in Great Britain. The cartels related to market-sharing and customer allocation agreements and arrangements in relation to the supply of prepaid cards to local authorities for the distribution of welfare payments to vulnerable members of society (such as, the homeless, domestic violence victims and asylum seekers). The PSR fined the five cartel participants (Mastercard, allpay, APS, PFS and Sulion) in total over £33m
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