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Very informative article! But how will it affect liability? Today the Issuer carries the liability, but once the £100 is removed what portion of the risk will the merchant carry?

"Sainsbury's and Tesco were also faced with an IT outage over the weekend"

I know that Sainsbury's and Tesco use different payment gateways, so I think it's misleading to refer to it as "an" outage.   So was it something else, an issue with their comms provider? Or one of the acquiring banks?

It's an eye-catching headline but is it really going to translate to a dip in merchant's profit & loss statements? I am sure that customers who want to buy an item and get a decline will try a different card, or perhaps PayPal for example. Or customers would become so frustrated with a site that they go to a different merchant, which is a lost sale for the first merchant, but a win for the second; and net zero for the UK industry overall. So the call-to-action should be for merchants to ensure that their payments provider is up-to-date with the latest mandated requirements because payments is not just a commodity, it can be a differentiator in the last small but vital step of capturing an online purchase.