We welcome the initial responses that we have received to the consultations we are conducting on the draft Terms of Reference for our planned market reviews on card scheme and processing fees and cross-border interchange fees.

This document is a summary of points raised at a series of roundtables held on 5 and 6 July 2022 by the PSR with issuers, acquirers, and merchants to discuss the draft Terms of Reference we published in June 2022, setting out the scope and approach of our market reviews. We do not consider the views offered by participants in these discussions and captured in this summary as representative of all issuers, acquirers and merchants, but we do consider that they provide a useful illustration and explanation of issues we are considering in our market reviews.

These meetings, along with written submissions to our consultation, will help inform the scope and approach of our planned market reviews. If you have information that you would like to share with us directly, or would like to discuss our work in more detail, please contact us at cardfees@psr.org.uk to arrange a bilateral discussion.

The consultation remains open for written feedback until Tuesday 2 August. You can email your comments to the above address or write to us at:

Scheme and processing fees market review team
Payment Systems Regulator
12 Endeavour Square
London E20 1JN

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