Market review into the ownership and competitiveness of infrastructure provision: Final Report
The Payment Systems Regulator (PSR) has today announced that the UK payments infrastructure needs to undergo reform in order to increase competition and to better meet consumer needs. The announcement was made as the PSR unveiled the final conclusions of its market review into the ownership and competitiveness of the infrastructure that supports three payment systems – Bacs, Faster Payments Service and LINK. The PSR found that there is no effective competition for the provision of UK payments infrastructure for these three payment systems.Link to document
Category: Banking » Payment systems. Keyword(s): Competition law. Area(s) of law: Public Sector; Corporate and Commercial Law; Banking.
Source: Payment Systems Regulator.