PSR consults on card scheme profitability reporting

The PSR is consulting on plans to require Mastercard and Visa to report their UK financial performance after finding that the schemes’ profit margins are higher than it would expect in competitive markets. It would like the schemes to provide profit and loss accounts for their UK card operations, with relevant levels of disaggregation, with contextual information to help it understand the performance.

It asks for views by 3 July.