The regulator said it wanted to ensure that the supply of card-acquiring services is “competitive" and works "in the interests of merchants, and ultimately consumers”.
The PRS outlined its draft areas of investigation for the market review on Tuesday (July 26) and will keep its consultation open until September 14.
Aspects being looked into during the review include considering “whether there are credible alternatives to card-acquiring services for some or all merchants”, as well as, “the outcomes of the competitive process including the fees merchants pay and the quality of service they receive”.
