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UK PSR proposes guidance for how card companies must disclose merchant service charge

( May 19, 2016, 15:58 GMT | Official Statement) -- MLex Summary: The UK's Payment Systems Regulator has issued draft guidance, setting out how the regulator will monitor and enforce elements of the EU Interchange Fee Regulation that come into effect in June. The PSR's proposal sets out how companies that handle card transactions for retailers must clarify what costs make up the fee for each transaction, known as the Merchant Service Charge.The following is the text of the statement. Click the attachment at bottom for the full document....

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