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Association of British Travel Agents (ABTA) has written to the British treasury minister calling for an urgent review of the UK card payments market.

Co-signed by other stakeholders, the letter included findings from a survey about card payment charges that ABTA carried out with its members at the end of 2017.

Mark Tanzer, chief executive, ABTA, commented, “[…] the research revealed that since the introduction of the European Union’s Interchange Fee Regulation (IFR), more than half of respondents, 58 percent, have experienced increased costs for taking card payments, and very few have made significant savings.”

Tanzer said card processing companies had increased other fees after the IFR, capping fees at 0.2 percent for debit cards and 0.3 percent for credit cards, was introduced.