nor to the acquiring bank that grants a business the ability to accept payment. It is paid to the banks that issue the cards. For instance if a customer makes a purchase with their Wells Fargo MasterCard, the Interchange fees are directed to Wells Fargo. Pretty snazzy huh?
your volume remains the same. There is no change in our pricing either. Specifically on your question on interchange, once the transaction ended on the 31st of December of last year, the U.K.