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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...

HM Treasury intensifies action on  APP fraud clampdown

The British government is moving to bolster the legal framework around fraud prevention, in response to an increase in Authorised Push Payment (APP) fraud. Draft...

FCA puts consumer protection front-and-centre for 2024

As the UK rolls into the New Year, the country’s Financial Conduct Authority (FCA) has underscored the importance of the financial sector to Britain’s...

NatWest expects big things from Big Tech in payments innovation

One of the UK’s biggest commercial banks expects Big Tech firms to continue ‘redefining the payments space’ as the year comes to a close,...

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...

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