Payment Systems Regulator

61 results about this entity

Period: 04 Sep 2019 - 16 Aug 2024

/security

Banks called to account over "shockingly low" rate of reimbursements for APP fraud

Over three quarters of bank customers have failed to win reimbursements from banks after falling victim to authorised push payment scams.

/payments

PSR narrows scope for delivery of UK's New Payments Architecture

The Payment Systems Regulator is to narrow the scope of the delivery contract for the UK's New Payments Architecture (NPA) amid concerns about the current programme's "unacceptably high risks".

/payments

FCA/PSR: Pockets of vulnerability remain but most UK consumers have reasonable access to cash

Research commissioned by the Financial Conduct Authority and the UK's Payment Systems Regulator finds that - contrary to popular belief - most people have reasonable access to cash through a combination of bank, building society, or Post Office branches and ATMs.

/payments

PSR publishes five-year strategy for UK payments

The Payment Systems Regulator (PSR), the specialist economic regulator of UK payment systems, has published a proposed new five-year strategy.

/security

PSR consultation on bank scams draws to a close

The UK's Payment Systems Regulator is to begin collating views from a public consultation on the protection and reimbursement of victims of authorised push payments fraud and consumer protection in bank-to-bank payments.

/payments

PSR calls for feedback on New Payments Architecture amid risk concerns

The Payment Systems Regulator (PSR) has launched a consultation on the delivery and regulation of the UK's New Payments Architecture (NPA) as it considers narrowing the scope of the delivery contract amid concerns about the current programme's "unacceptably high risks".

/people

Dr Ruth Wandhöfer to chair PSR panel through Covid-19 recovery, Brexit and BoE RTGS renewal

Dr Ruth Wandhöfer has been appointed chair of the Payment Systems Regulator (PSR) panel amid the regulator’s increased relevance as a policy strategist between a diverse group of banks, payment service providers, fintech firms and consumer groups as a result of the coronavirus pandemic.

/people

PSR names Ruth Wandhöfer as chair

The Payment Systems Regulator (PSR) has today announced the appointment of Dr Ruth Wandhöfer as Chair of the PSR Panel from 1 December 2020. She succeeds Stephen Locke, Independent Adviser.

/security

PSR confirms widespread implementation of name-checking system, Confirmation of Payee

As of today, there is now widespread coverage of the new fraud-prevention tool – referred to as Confirmation of Payee (CoP) – which gives people the additional protection of checking the name of who you want to pay against the account number you are paying.

/payments

PSR payments plans disrupted by Coronavirus

The Payment Systems Regulator (PSR) has published its Annual Plan and Budget, setting out its key aims and activities for the year 2020/21 alongside its expected costs.

/payments

PSR seeks views on competition and innovation in the UK’s New Payments Architecture

The Payment Systems Regulator (PSR) has issued a Call for Input on competition issues that could arise in the UK’s New Payments Architecture (NPA).

/retail

Barclays ends Post Office cash withdrawal support

Barclays has been slammed by regulators and consumer groups for opting out of a deal that lets customers withdraw cash at UK Post Offices.