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Status: You are viewing the version of the handbook as on 2016-02-03.

FEES 9 Annex 1 PSR fees for the period 1 April 2015 to 31 March 2016

R

1The table below shows the PSR fee applicable to the direct payment system providers, acquirers and card issuers2 of each regulated payment system.

Table A

2Regulated payment system

(column 1)

Payment system allocation for 2015/16

(£) (column 2)

Calculation methodology for PSR fee payable by direct payment service providers, acquirers and card issuers of regulated payment systems

(column 3)

Relevant time period

(column 4)

Relevant transaction volumes or shareholdings, as applicable

(column 5)

Payment system denominator

(column 6)

(rounded to the nearest ‘000)

Bacs

4,014,300

The PSR fee is calculated for each individual direct payment service provider proportionally to the transaction volumes processed on behalf of that direct payment service provider through the regulated payment system in question during the relevant time period.

The calculation formula is: payment system allocation multiplied by direct payment service provider’s transaction volumes divided by payment system denominator.

1 January to 31 December 2014

All transactions processed through the Bacs regulated payment system.

5,840,932,000

C&C

3,905,400

1 October 2014 to 31 March 2015

All transactions including ‘in clearing’ and ‘out clearing’ transactions for GBP, USD and EUR processed through the C&C regulated payment system.

471,660,000

CHAPS

4,014,300

1 January to 31 December 2014

All MT103 and MT202 transactions processed through the CHAPS regulated payment system.

36,454,000

FPS

4,014,300

1 June 2014 to 31 May 2015

All transactions processed through the FPS regulated payment system.

1,154,701,000

LINK

4,014,300

1 January to 31 December 2014

All transactions issued and acquired under the LINK regulated payment system, including GBP cash withdrawals, foreign currency dispenses, balance enquiries, PIN management, charity donations, non-cash transactions and mobile payment transactions, but excluding ‘on us’ transactions. Both issuing and acquiring transactions are taken into account.

6,298,014,000

MasterCard

4,014,300

The PSR fee is calculated for each individual acquirer and card issuer proportionally to the relevant transaction volumes under the regulated card payment system in question during the relevant time period.

The calculation formula is: payment system allocation multiplied by acquirer or card issuer’s relevant transaction volumes divided by payment system denominator.

The PSR fee is calculated for each direct payment service provider proportionally to its shareholding in the operator of the NICC regulated payment system during the relevant time period.

The calculation formula is: payment system allocation multiplied by direct payment service provider’s shareholding in the capital of the Belfast Bankers’ Clearing Company Ltd (expressed as a percentage).

1 January to 31 December 2014

All transactions by acquirers and card issuers operating in the United Kingdom under the MasterCard regulated payment system, including point of sale transactions, merchant sales volumes, and cash purchase transactions on cards, but excluding cash-only withdrawals. All MasterCard-branded transactions are included irrespective of the processing entity (MasterCard itself, a third party processing entity or ‘on us’ transactions).

4,612,855,000

(prior to any adjustment resulting from the application of FEES 9.2.1AR)

Visa

4,014,300

1 January to 31 December 2014

All transactions by acquirers and card issuers operating in the United Kingdom under the Visa regulated payment system, including point of sale transactions, merchant sales volumes, and cash purchase transactions on cards, but excluding cash-only withdrawals. All Visa-branded transactions are included irrespective of the processing entity (Visa itself, a third party processing entity or ‘on us’ transactions).

21,843,411,000

(prior to any adjustment resulting from the application of FEES 9.2.1AR

NICC

108,900

31 December 2014

All shareholdings held in Belfast Bankers’ Clearing Company Ltd, the operator of the NICC regulated payment system.

Not applicable