Clause 225 - Data-gathering from merchant acquirers etc

Part of Finance Bill – in a Public Bill Committee at 3:15 pm on 20 June 2013.

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Photo of James Duddridge James Duddridge Chair, Regulatory Reform Committee, Chair, Regulatory Reform Committee 3:15, 20 June 2013

For my sins, I run an acquiring business and an issuing business. Has not the marketplace moved on somewhat, with most of those things now done online? When the hon. Gentleman refers to acquiring, is that acquiring without a terminal as well as with one?