The PSR has published the final terms of reference for its reviews into:
- card scheme and processing fees: PSR has set an ambitious timetable to conclude a review of the levels, structure and types of scheme and processing fees with a view to reporting by then end of 2023 with a final report and proposed remedies in Q2 2024; and
- cross-border interchange fees. This report will look at the reasons for increases in fees between the UK and the EEA since Brexit and how the increases are impacting businesses. This report will be published in Q3 2023 with a final report in Q4 2023.