Payment Systems Regulator

61 results about this entity

Period: 04 Sep 2019 - 16 Aug 2024

/payments

PSR sets out next steps for variable recurring payments in the UK

The UK's Payment Systems Regulator says it will assess the necessity and scope of mandated participation in Phase 1 expansion of Variable Recurring Payments (VRPs) following stakeholder feedback.

/security

PSR stands firm over reimbursement model for APP fraud

As the banking industry chafes against upcoming rules governing payback to victims of authorised push payment fraud, the Payment Systems Regulator has released new data which shows that reimbursement for victims still depends largely on who they bank with.

/payments

UK regulators seek feedback on Big Tech digital wallets

UK regulators are calling for feedback on the benefits and risks digital wallets from Big Tech giants such as Apple and Google bring to people and businesses.

/regulation

UK Payments Association calls on new PSR chief to delay APP fraud rules

The UK payments industry has called on the new interim Payment Systems Regulator (PSR) chief to postpone the implementation of new APP fraud rules by a year, warning that failure to do so could lead to "permanent damage" to the sector.

/people

PSR names David Geale interim MD

The Payment Systems Regulator (PSR) has announced today that David Geale has been appointed Interim Managing Director of the PSR with effect from 10 June. The interim appointment will be for a period of nine months.

/people

Hemsley stands down as PSR managing director

The Payment Systems Regulator (PSR) confirms today that Chris Hemsley will be standing down as Managing Director of the PSR with effect from 7 June.

/payments

PSR steps back from capping Visa and Mastercard fees despite lack of competition

The UK's Payment System Regulator (PSR) has stepped back from imposing financial penalties on Visa and Mastercard scheme and processing fees, despite evidence that the firms are running an effective duopoly in the supply of services to merchants.

/regulation

UK payment firms push back on APP fraud refund plan

Payments firms are calling for a rethink of UK plans to protect victims of APP fraud, arguing that a refund cap of £415,000 will hurt smaller providers.

/security

APP scam reimbursement rules extended to Chaps

The UK's Payment Systems Regulator is to extend its scam reimbursement programme to transactions taking place across the Chaps high value payments network.

/payments

PSR seeks views on its proposed approach to supervision

The Payment Systems Regulator (PSR) has published a call for views on its proposed approach to supervision, having established a Supervision and Compliance Monitoring division last year.

/retail

JROC invites feedback on the Future Entity for UK open banking

The Joint Regulatory Oversight Committee (JROC) has today published proposals for the future open banking entity (the Future Entity).

/payments

TCS in running to take over UK's Faster Payments - Sky News

Tata Consultancy Services (TCS) has emerged as a leading contender to take over the running of the UK's Faster Payments Service, according to Sky News.