Tag: Payment Systems Regulator (PSR)
Jumio: Fighting AI with AI — how AI is helping financial...
Artificial Intelligence (AI) may be nothing new to the payments industry, but it is becoming a hot topic with global policymakers as its potential...
Open Banking ‘close to truly rivalling’ UK card networks
The Joint Regulatory Oversight Committee (JROC) assertions that the UK is keeping momentum with its Open Banking leadership ambitions have been welcomed by payments...
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...
Joint PSR & FCA committee says ‘much progress’ done towards Open...
The UK’s Joint Regulatory Oversight Committee assigned to oversee the national adoption of Open Banking has commented on the significant progress made towards all...
Digesting the Digits – Argentina’s Milei devalues peso by 2%
Number crunching is a key component of the payment industry, with digits scattered across the sector’s key stories.
Each week, Payment Expert digests these digits...
FCA launches consultation over rules to retain free cash access
A new set of rules regarding cash access have been proposed by the Financial Conduct Authority (FCA) in response to the constantly evolving digital...
PSR’s Hemsley: ‘You need to get ready now’ for tougher stance...
Authorised Push Payment (APP) fraud is still one of the biggest threats to the UK’s financial ecosystem, but the payments industry remains firmly committed...
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,...
Salv and PSR move forward in safeguarding APP fraud victims
Payment Systems Regulator (PSR) indicated its plans to make the full reimbursement of authorised push payment (APP) fraud victims mandatory for the banks.
The regulator...
