Visa And Mastercard Under Scrutiny For Fee Increases In The UK - What's On The Cards?
Visa And Mastercard Under Scrutiny For Fee Increases In The UK - What's On The Cards?
Visa Inc. (NYSE:V), Mastercard Inc. (NYSE:MA), and their increasing fees on retailers have not resulted in significant service improvements, according to the provisional findings of Britain's Payment Systems Regulator (PSR).
英国支付系统监管机构（PSR）的临时调查结果显示，Visa Inc.（纽约证券交易所代码：V）、万事达卡公司（纽约证券交易所代码：MA）及其不断增加的零售商费用并未导致服务显著改善。
The PSR expressed concerns that competition within the market is lacking, leading to these hikes in fees without corresponding enhancements in service quality.
PSR对市场内部缺乏竞争表示担忧，这导致费用上涨，但服务质量却没有相应提高。
Visa and Mastercard have maintained a stronghold on the payment card market, prompting U.K. lawmakers to call for more stringent oversight by the PSR, which initiated this investigation, reported Reuters.
路透社报道，Visa和万事达卡在支付卡市场上保持着据点，这促使英国议员呼吁启动这项调查的PSR进行更严格的监督。
Over the past five years, and after adjusting for volume changes, Mastercard and Visa have raised their scheme and processing fees by over 30% in real terms.
在过去的五年中，在调整了交易量变化后，万事达卡和维萨卡已将其计划和手续费按实际价值计算提高了30％以上。
However, as per the regulatory, there is scant evidence to suggest that service quality has improved in tandem with these fee increases.
但是，根据监管机构的说法，几乎没有证据表明服务质量随着费用的增加而有所改善。
The PSR's interim report, spanning 158 pages, estimates that these fee hikes have added over £250 million to the costs faced by U.K. businesses.
PSR的中期报告长达158页，估计，这些费用上调使英国企业面临的成本增加了超过2.5亿英镑。
"Every time someone uses a Mastercard or Visa card, UK businesses have to pay fees. These fees have significantly increased over recent years, and those increases cannot be explained by improvement in service quality," said Chris Hemsley, Managing Director of the PSR.
“每次有人使用万事达卡或维萨卡时，英国企业都必须支付费用。近年来，这些费用大幅增加，这些增长不能用服务质量的改善来解释。” PSR董事总经理克里斯·海姆斯利说。
Also Read: Visa, Mastercard Have $255T Opportunity, Analyst Says: Generative AI 'Could Drive Upside To Fundamentals'
另请阅读: 分析师表示，Visa和万事达卡有255万亿美元的机会：生成式人工智能 “可能会推动基本面上行空间”
Given that Mastercard and Visa cards account for 95% of transactions using U.K.-issued cards, businesses have little alternative but to absorb these increased costs.
鉴于万事达卡和维萨卡占使用英国发行的卡进行的交易的95％，企业别无选择，只能吸收这些增加的成本。
The PSR has suggested several remedies for public consultation, including improved transparency for users and obligations on Mastercard and Visa to explain, consult on, and document the reasons behind price changes.
PSR为公众咨询提出了几种补救措施，包括提高用户的透明度，以及万事达卡和维萨卡有义务解释、咨询和记录价格变动的原因。
"The remedies would also increase transparency around Mastercard and Visa's UK operations, allowing the PSR to better hold them to account," as per the regulatory statement.
监管声明称：“补救措施还将提高万事达卡和维萨在英国业务的透明度，使PSR能够更好地追究他们的责任。”
The public consultation will remain open until July 30, with a final report on card schemes and processing fees expected in the last quarter of the year.
公众咨询将持续到7月30日，有关信用卡计划和手续费的最终报告预计将在今年最后一个季度发布。
Should the final report confirm that the market is not functioning effectively, the PSR will consult on implementing any necessary remedies.
如果最终报告证实市场无法有效运作，PSR将就实施任何必要的补救措施进行磋商。
Read Next: Mastercard's New Tech Could Change How Banks Handle Money and Securities
阅读下一页: 万事达卡的新技术可能会改变银行处理货币和证券的方式
Price Action: MA shares closed lower by 0.13% at $459.66 on Monday.
价格走势：周一，MA股价收盘下跌0.13％，至459.66美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免责声明: 该内容部分是在人工智能工具的帮助下制作的，并由Benzinga编辑审阅和发布。
Photo by In Green via Shutterstock
照片由 In Green 通过 Shutterstock 拍摄
译文内容由第三方软件翻译。