The PSR has welcomed the High Court’s agreement that the PSR does have the power to impose a cap on cross-border interchange fees. The regulator had proposed a cap, because it considered the figures unduly high at the expense of UK businesses. Its ability to do this was challenged in the courts, but following this decision the PSR will continue with its assessment of what an appropriate cap would be. Its consultation on a methodology to use closed on 5 December.
PSR pleased at Court backing on cross-border interchange fees
