Barclays’ hit with £8.4m fine after failing to provide information on fees

The Payment Systems Regulator (PSR) has fined Barclays Bank £8.4m ($10.3m) for failing to comply with the Interchange Fee Regulation (IFR). The regulator found that Barclays did not provide supply retailers with required information about the fees attached to different card services.

Because of Barclays’ lack of transparency, the PSR