BRIEF-UK's PSR Plans To Consult On UK Profitability Reporting For Mastercard & Visa

Mastercard
Visa

Mastercard

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Visa

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May 21 (Reuters) - UK's PSR:

  • UK'S PSR : TO CONSULT ON UK PROFITABILITY REPORTING FOR MASTERCARD AND VISA

  • PSR: IN ITS REVIEW OF CARD SCHEME PROCESSING FEES, PSR FOUND EVIDENCE THAT SCHEMES' PROFIT MARGINS ARE HIGHER THAN EXPECTED IN COMPETITIVE MARKETS

  • UK'S PSR: DECIDED TO REQUIRE MASTERCARD VISA TO PROVIDE PROFIT AND LOSS ACCOUNT FOR THEIR UK CARD OPERATIONS, WITH RELEVANT LEVELS OF DISAGGREGATION

  • PSR: DECIDED TO REQUIRE SCHEMES TO PROVIDE CONTEXTUAL INFORMATION TO HELP UNDERSTAND FINANCIAL PERFORMANCE OF RESPECTIVE UK CARD BUSINESSES

Further company coverage: MA.N


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