Tag: Payments Systems Regulator (PSR)
PSR reports increased vigilance but distrust of social media among APP...
Faith in social media has taken a hit due to fraudulent activity committed via the platforms, according to the Payment Systems Regulator (PSR).The PSR...
The sky didn’t fall but are we on the right track?...
It's still too early to tell, but payments firms are not reporting record losses and staff are not fleeing London’s banks in terror. At...
PSR drops APP fraud reimbursement cap to £85,000
The Payments Systems Regulator (PSR) has confirmed that the cap on authorised push payment (APP) fraud reimbursement will stand at £85,000.The regulation is set...
Industry reactions flood in to potential PSR fraud reimbursement rule changes
Britain’s payments firms are breathing a collective sigh of relief at the news that the Payment Systems Regulator (PSR) might lower the cap on...
Britain’s FCA and PSR to probe Big Tech digital wallet benefits...
Big Tech companies’ role in the financial services sector continues to draw the attention of regulators, with two of the UK’s industry authorities looking...
Monzo reacts to UK fraud threat with trio of prevention features
Monzo has added new fraud prevention tools at a time of heightened regulatory and industry focus on the impact scams are having on UK...
PSR plans Managing Director recruitment drive after UK general election
Chris Hensley is stepping down as Managing Director of the Payments Systems Regulator (PSR), ending a near five-year tenure in the role.Hensley first joined...
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 APP fraud rules may “pile even more pressure” on smaller...
The UK payments industry is pushing back against the Payments Systems Regulator’s (PSR) incoming requirements around authorised push payment (APP) fraud reimbursement. According to Bloomberg,...
FCA CEO: “Big Tech now an essential component of financial services”
According to Chief Executive of the Financial Conduct Authority (FCA), Nikhil Rathi, the regulator has recognised the role Big Tech is playing in finance...
