Visa And Mastercard Under Scrutiny For Fee Increases In The UK - What's On The Cards?

Britain's Payment Systems Regulator (PSR) found that Visa and Mastercard have increased fees on retailers without improving service quality. Over the past five years, fees rose by over 30%, adding over £250 million to UK business costs. Lawmakers are calling for more stringent oversight as 95% of U.K. card transactions use Visa or Mastercard, leaving businesses with little choice but to absorb the costs.