Tag: Payments Systems Regulator (PSR)
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...
Visa and Mastercard justify high cross-border fees to rise of fraud
Card giants Visa and Mastercard have justified their increase on cross-border payments due to a greater risk of fraud and the costs involved from...
