PSR sets new rules on Visa and Mastercard scheme fees
On 30 July 2026 the PSR directed Mastercard and Visa to explain their fees more clearly and record how they set prices. What it means for small UK businesses.
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Payments industry news
Changes to card payment rules and fees that matter to UK small businesses, and news from The Rate Dropper. For practical how-tos, see our guides.
Bill to fold the PSR into the FCA reaches the Commons
The Financial Services and Markets Bill, which would abolish the Payment Systems Regulator and move its work to the FCA, passed the Lords on 15 September 2026.
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Treasury payments consultation closes 6 October
HM Treasury's consultation on modernising UK payment services rules closes on 6 October 2026. Card interchange rules are out of scope; pay by bank is a focus.
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The Rate Dropper launches
The Rate Dropper is a free UK service where an advisor reads your card statement, works out your effective rate and compares the cost across eight providers.
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