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FCA and PSR examine digital wallet growth and market impact

News | Payments General | 20 Feb 2025

The Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR) have reviewed the increasing use of digital wallets, noting a sharp rise in adoption.

digital wallet, research, study, payments

FCA and PSR announce next steps for Open Banking in the UK

News | Online & Mobile Banking | 23 Jan 2025

The UK’s Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR) have outlined their next steps to advance Open Banking in the region.

Variable Recurring Payments, Open Banking, regulation, Open Banking payments

PSR addresses APP scams in new report

News | Digital Identity, Security & Online Fraud | 02 Aug 2024

The Payment Systems Regulator (PSR) has published its latest report on the performance of payment firms in addressing Authorised Push Payment (APP) scams for the year 2023.

report, APP fraud, scam, payments , fraud management

The Payments Association calls for APP fraud implementation delay

News | Digital Identity, Security & Online Fraud | 10 Jun 2024

The Payments Association has announced its call to PSR to delay the APP fraud implementation in order to prevent and stop irreparable damage. 

regulation, fraud management, fraud detection, online fraud, payments , ecommerce

PSR: card schemes don't face effective competition

News | Cards | 24 May 2024

The Payment Systems Regulator (PSR) has recently published an interim report suggesting that card schemes do not face effective competition in the supply of scheme and processing services to acquirers.

Visa, MasterCard, card scheme, credit card, debit card, prepaid card, payments , interchange fee, scheme fee, regulatory sandbox, regulation, payment processor, merchant, Acquirer, report

PSR confirms new APP fraud reimbursement requirements

News | Digital Identity, Security & Online Fraud | 08 Jun 2023

UK-based Payment Systems Regulator (PSR) has confirmed new requirements for banks and payment companies to ensure reimbursement for victims of APP fraud.

regulation, fraud prevention, APP fraud, banking, payments , financial crime, PSP, reimbursement, fintech, regtech, cybercrime