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1082273

	registered interest
	date	05/03/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Bank Cards: Fees and Charges
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what assessment he has made of the comparative merits of flat rate Interchange Fees as opposed to fees proportional to the value of the transaction; and whether his Department plans to exercise section 7 of the Interchange Fee (Amendment) (EU Exit) Regulations 2018 to decrease the per transaction interchange fee.
	tabling member constituency	Windsor
	tabling member printed	Adam Afriyie
	uin	228625
	answer	answer is ministerial correction date of answer 11/03/2019 answer text <p>The Government is open to hearing views on this issue, and digital payments more broadly, as evidenced by its call for evidence on cash and digital payments in the new economy. Amongst other things, this explored how the Government can best support digital payments. The Government will formally respond to the call for evidence in due course.</p><p> </p><p>The European Commission is in the process of reviewing the effectiveness of the Interchange Fee Regulation as part of its usual process. The Payment Systems Regulator, who is the UK’s lead competent authority for the Interchange Fee Regulation, is also conducting a review into the supply of card-acquiring services. Amongst other things, this review will examine the fees merchants pay for these services. The Government has therefore not made a formal assessment of the Interchange Fee Regulation.</p> answering member constituency Salisbury answering member printed John Glen question first answered 11/03/2019 14:15:55 answering member 4051 label Biography information for John Glen
	tabling member	1586 label Biography information for Adam Afriyie

713404

	registered interest
	date	23/03/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Bank Cards: Fees and Charges
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, if he will make it his policy to encourage retailers to abolish charges for customers using card payments for transactions.
	tabling member constituency	Redcar
	tabling member printed	Anna Turley
	uin	68967
	answer	answer is ministerial correction date of answer 30/03/2017 answer text <p>Merchants currently pay a merchant service charge to process all card transactions. Part of this covers the fees that a merchant acquirer can be charged by a card issuing bank for processing transactions known as interchange fees. The Interchange Fee Regulation (IFR), which came into force in December 2015, caps the fees that could be passed on to consumers from merchants in the form of higher prices at 0.2% and 0.3% for debit and credit cards respectively.</p><p> </p><p>The Government has been clear that it would like to see merchants passing on these savings to their customers so that they continue to benefit from the interchange fee caps.</p><p> </p><p>From January 2018, the Payment Services Directive 2 introduces a ban on surcharging which means that retailers will no longer be able to charge consumers to use payment instruments for which interchange fees are regulated, which includes the majority of consumer debit and credit cards.</p> answering member constituency Brighton, Kemptown answering member printed Simon Kirby question first answered 30/03/2017 13:55:00 answering member 3929 label Biography information for Simon Kirby
	tabling member	4449 label Biography information for Anna Turley

1079574

	registered interest
	date	01/03/2019
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Bank Cards: Fees and Charges
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether the Government has plans to reform the cap on interchange rate fees for card payments introduced in the Interchange Fee Regulation 2016 from a percentage cap to a flat rate of 50p per transaction.
	tabling member constituency	Rutherglen and Hamilton West
	tabling member printed	Ged Killen
	uin	227415
	answer	answer is ministerial correction date of answer 06/03/2019 answer text <p>The Government is open to hearing views on this issue, and digital payments more broadly, as evidenced by its call for evidence on cash and digital payments in the new economy. Amongst other things, this explored how the Government can best support digital payments. The Government will formally respond to the call for evidence in due course.</p> answering member constituency Salisbury answering member printed John Glen question first answered 06/03/2019 15:24:01 answering member 4051 label Biography information for John Glen
	tabling member	4672 label Biography information for Ged Killen

720249

	registered interest
	date	13/04/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Bank Cards: Fees and Charges
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 22 March 2017 to Question 67778, what steps he is taking to ensure local trading standards officers are adequately resourced to effectively enforce the interchange fee regulation.
	tabling member constituency	Bridgend
	tabling member printed	Mrs Madeleine Moon
	uin	70706
	answer	answer is ministerial correction date of answer 24/04/2017 answer text <p>Local Trading Standards officers are not responsible for enforcing the Interchange Fee Regulation. The Payment Systems Regulator (PSR) is responsible for monitoring compliance with the interchange fee regulation in the UK and for taking enforcement action where appropriate.</p> answering member constituency Brighton, Kemptown answering member printed Simon Kirby question first answered 24/04/2017 15:41:32 answering member 3929 label Biography information for Simon Kirby
	tabling member	1490 label Biography information for Mrs Madeleine Moon