Tag: chris hemsley
UK Watchdog rejects delay for APP fraud compensation
The Payment Systems Regulator (PSR) has rejected requests to delay new rules on compensation for authorised push payment (APP) fraud.Interim Head of the UK...
PSR calls out Mastercard and Visa UK card scheme dominance
The Payments Systems Regulator (PSR) believes that Mastercard and Visa, the two biggest card schemes in the UK, are not facing an effective level...
PSR updates APP policies but ‘reimbursement alone cannot prevent fraud’
The UK’s Payments Systems Regulator (PSR) has taken a significant step in improving consumer protection against Authorised Push Payment (APP) fraud.Following consultations over the...
PSR proposes cross-border price cap to shed financial burden for UK...
UK businesses are being charged interchange fees on cross-border transactions at an ‘unduly high level’, according to the country’s Payment Systems Regulator (PSR).The PSR...
TSB warns new UK fraud refund policy could work against victims
TSB Bank has warned that a new fraud refund mechanism could potentially invalidate a quarter of all UK fraud claims.The bank has asked the...
PSR fines Barclays £8.4m for misleading retailers
Barclays Bank has been fined £8.4m by the Payment Systems Regulator (PSR) for lack of transparency with its card service fees.According to the PSR,...
StreamMind launches APP prevention solution in Europe
Technology software providers StreamMind has announced the launch of its bank transfer scam prevention solution in Europe.The solution enables a user to match an...
New industry code enables refunding of APP scams
Victims of Authorised Push Payment (APP) scams could be entitled to reimbursement from their banks following the introduction of a new voluntary industry code.Developed...
