Payment Systems Regulator

61 results about this entity

Period: 04 Sep 2019 - 16 Aug 2024

/people

FCA and PSR appoint new officers to decision-making committees

The FCA and PSR Boards have appointed two new Deputy Chairs - Margaret Obi and Edward Sparrow - to the FCA’s Regulatory Decisions Committee (RDC) and the PSR’s Enforcement Decisions Committee (EDC).

/people

PSR appoints new general counsel and COO

The Payment Systems Regulator has made two key appointments to its executive team: Alex Olive as General Counsel, and Natalie Golding as Chief Operating Officer.

/regulation

UK regulators deliver roadmap for future of open banking

Financial regulators in the UK have laid out their plans for the future of open banking.

/payments

PSR seeks views on papers for card scheme and processing fees market review

The Payment Systems Regulator (PSR) has published two papers as part of its card scheme and processing fees market review.

/security

PSR sets out proposed plans for the reporting of Authorised Push Payment scams

Today, the PSR has published its latest consultation on guidance to support payment service providers (PSPs, like banks and building societies) with providing correct data when they report their Authorised Push Payment (APP) scams data to the regulator.

/retail

UK updates on new Open Banking entity

UK authorities have published an update on plans for a successor to the Open Banking Implementation Entity (OBIE).

/security

UK payments watchdog consults on new APP reporting rules

The UK's banks will have to provide transparent data on how well they are protecting customers against authorised push payment fraud, under new rules drawn up by the Payment Systems Regulator.

/regulation

Barclays slapped with £8.4 million interchange fee fine

The Payment Systems Regulator has fined Barclays Bank £10 million for failing to supply retailers with full information about the fees attached to different card services.

/payments

Merchants face two-year wait for conclusion of UK market reviews into Visa and Mastercard fees

The Payment Systems Regulator says merchants may have to wait a further two years before it concludes its market reviews into Mastercard and Visa card fees.

/payments

PSR directs 400 firms to introduce the payment protection measure CoP

Today, the Payment Systems Regulator (PSR) has confirmed its plans that will see around 400 more financial firms provide the name checking service, Confirmation of Payee (CoP). CoP is an essential fraud protection measure.

/security

APP fraud victims to get mandatory reimbursement rights under new PSR rules

Victim of authorised push payment fraud will soon be entitled to full reimbursement under new proposals drawn up the Payment Systems Regulator.

/regulation

Working group formed to determine the future of UK open banking

UK regulatory bodies have formed a strategic working group (SWG) to map out the future of open banking.