On 19 December 2025, the Payment Systems Regulator (PSR) issued a consultation paper, CP25/3, setting out changes that will give businesses more information on the card payment (scheme and processing) fees they pay and give the PSR a better understanding of how the level of these fees is set.
CP25/3 follows an earlier remedies consultation (CP25/1) and seeks to implement two proposed remedies:
- Information, transparency and complexity remedy (the ITC remedy) to ensure that acquirers, and merchants through their contractual relationship, receive better information to understand the fees they are charged. This is to remedy the schemes’ failure to provide sufficient information to acquirers.
- Pricing governance remedy (the Pricing Governance remedy) to ensure that there is evidence behind pricing decisions, a remedy to the current absence of evidence showing how pricing decisions are made.
The deadline for comments on CP25/3 is 13 February 2026.