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Mastercard joins Visa, Revolut in claim against UK payments regulator

By Phoebe Seers ( March 13, 2025, 12:27 GMT | Insight) -- Mastercard has filed a claim for judicial review against a move by the UK’s payments regulator to cap cross-border interchange fees, MLex understands. Mastercard is now the third company known to have filed a claim against the Payment Systems Regulator, joining Visa and Revolut in asserting that with the imposition of an interim price cap, the PSR exceeded its powers.Mastercard has filed a claim for judicial review against a move by the UK’s payments regulator to cap cross-border interchange fees, MLex understands. Mastercard is now the third company known to have filed a claim against the Payment Systems Regulator, joining Visa and Revolut in asserting that the PSR exceeded its powers by imposing an interim price cap....

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