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).
英國支付系統監管機構（PSR）的臨時調查結果顯示，Visa Inc.（紐約證券交易所代碼：V）、萬事達卡公司（紐約證券交易所代碼：MA）及其不斷增加的零售商費用並未導致服務顯著改善。
The PSR expressed concerns that competition within the market is lacking, leading to these hikes in fees without corresponding enhancements in service quality.
PSR對市場內部缺乏競爭表示擔憂，這導致費用上漲，但服務質量卻沒有相應提高。
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.
路透社報道，Visa和萬事達卡在支付卡市場上保持着據點，這促使英國議員呼籲啓動這項調查的PSR進行更嚴格的監督。
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.
在過去的五年中，在調整了交易量變化後，萬事達卡和維薩卡已將其計劃和手續費按實際價值計算提高了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，根據監管機構的說法，幾乎沒有證據表明服務質量隨着費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的中期報告長達158頁，估計，這些費用上調使英國企業面臨的成本增加了超過2.5億英鎊。
"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.
“每次有人使用萬事達卡或維薩卡時，英國企業都必須支付費用。近年來，這些費用大幅增加，這些增長不能用服務質量的改善來解釋。” PSR董事總經理克里斯·海姆斯利說。
Also Read: Visa, Mastercard Have $255T Opportunity, Analyst Says: Generative AI 'Could Drive Upside To Fundamentals'
另請閱讀: 分析師表示，Visa和萬事達卡有255萬億美元的機會：生成式人工智能 “可能會推動基本面上行空間”
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.
鑑於萬事達卡和維薩卡佔使用英國發行的卡進行的交易的95％，企業別無選擇，只能吸收這些增加的成本。
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爲公衆諮詢提出了幾種補救措施，包括提高用戶的透明度，以及萬事達卡和維薩卡有義務解釋、諮詢和記錄價格變動的原因。
"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.
監管聲明稱：“補救措施還將提高萬事達卡和維薩在英國業務的透明度，使PSR能夠更好地追究他們的責任。”
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.
公衆諮詢將持續到7月30日，有關信用卡計劃和手續費的最終報告預計將在今年最後一個季度發佈。
Should the final report confirm that the market is not functioning effectively, the PSR will consult on implementing any necessary remedies.
如果最終報告證實市場無法有效運作，PSR將就實施任何必要的補救措施進行磋商。
Read Next: Mastercard's New Tech Could Change How Banks Handle Money and Securities
閱讀下一頁: 萬事達卡的新技術可能會改變銀行處理貨幣和證券的方式
Price Action: MA shares closed lower by 0.13% at $459.66 on Monday.
價格走勢：週一，MA股價收盤下跌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.
免責聲明: 該內容部分是在人工智能工具的幫助下製作的，並由Benzinga編輯審閱和發佈。
Photo by In Green via Shutterstock
照片由 In Green 通過 Shutterstock 拍攝
譯文內容由第三人軟體翻譯。