LONDON (Reuters) - Britain's Payment Systems Regulator (PSR) has fined Britain's Barclays bank 8.4 million pounds ($10.2 million) for failing to give retailers full information about card costs, the watchdog said on Thursday.
"It's vital that retailers and consumers get value for money on payment services – the interchange fee rules are an important part of making sure this happens," PSR Managing Director Chris Hemsley said in a statement.
"Barclays’ failure to be transparent with retailers about the fees they pay for card services meant retailers could have been missing out on better deals."
($1 = 0.8234 pounds)
(Reporting by Huw Jones; Editing by David Goodman)