Specific Direction 22 requires Mastercard and Visa to provide acquirers with better information to help them understand and reconcile the scheme and processing fees they are charged.
The purpose of this specific direction is to require Mastercard and Visa to provide minimum information to acquirers on existing scheme and processing fees, new scheme and processing fees and modified scheme and processing fees applicable to card transactions initiated from a UK point of sale.
Supplementary Files
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Decision on requests to extend the implementation period for ITC Standard B
pdf | 130 KB
