Guidance

Credit Cards (Merchant Acquisition) Order 1990

This order removes restrictions so vertical integration can occur between credit card issuers and merchant acquirers.

From:
Competition and Markets Authority
Published
31 October 1990

This publication was withdrawn on

The Credit Cards (Merchant Acquisition) Order 1990 was revoked on 15 October 2015.

For further details see the review of the order.

Documents

Credit Cards (Merchant Acquisition) Order 1990

http://www.legislation.gov.uk/uksi/1990/2158/contents/made

Details

This order was made under the monopoly provisions of the Fair Trading Act 1973. The order makes it unlawful for payment card organisations to require payment card issuers to go through the step of issuing payment cards, before they can become merchant acquirers. It also stops payment card issuers from preventing credit card issuers also being merchant acquirers.

Published 31 October 1990

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