Posts Tagged ‘Payment Systems Regulator’
FCA to deliver VRP, Open Finance in 2025 to ‘support growth’ in the UK
Nikhil Rathi, chief executive of the FCA, wrote to Prime Minister Keir Starmer, outlining how the regulator will support the UK’s economic growth.
Read MoreUK’s Payment Systems Regulator commits to work on VRPs in strategy review
The PSR set out commitments for the next two years, following the mid-term review of its five-year Strategy.
Read MorePSR: APP fraud victims lose confidence in new payment methods
The research by the Payment Systems Regulator also revealed that reimbursement is a top priority.
Read MoreBanks and fintechs debate what is needed to remove payments ‘gridlock’ in UK
Lloyds Bank, NatWest, ClearBank, CFIT, Monzo and Innovate Finance took part in the panel debate ‘Driving payments modernisation in an Open Banking era’ at Open Banking Expo UK & Europe last month.
Read MorePay.UK expands CoP to boost ‘collective defences against fraud’
Since its launch in 2020, Confirmation of Payee has processed 2.5 billion checks.
Read MoreInsight: It’s time for a bold transformation in UK payments
Jana Mackintosh, managing director, payments and innovation at UK Finance, explains how the UK’s payments industry remains competitive.
Read MoreInsight: A step into the unknown – the PSR rules on mandatory reimbursement
Mike Haley, chief executive officer of Cifas, considers the PSR’s incoming rules on mandatory reimbursement for APP fraud losses and whether they will tackle the growing threat from fraud.
Read MorePSR considers lower APP fraud reimbursement cap of £85,000
The new cap, if confirmed, will still see more than 99% of claims, by volume, covered.
Read MoreCFIT reveals finance, tech companies participating in second coalition
Major banks and tech giants will take part in CFIT’s coalition focused on using digital verification to fight economic crime.
Read MorePSR issues response to call for views on expansion of VRPs
The Payment Systems Regulator sought views on key areas such as a multilateral agreement, mandated participation and pricing.
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