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New report from PSR shows how fraudsters exploit major platforms to scam consumers

  • Post author:
  • Post published:18/12/2024
  • Post category:

Preventing Authorised Push Payment (APP) scams is one of the Payment Systems Regulator’s (PSR) top priorities. A new report from PSR shows how fraudsters exploit major platforms to scam consumers.APP…

Continue ReadingNew report from PSR shows how fraudsters exploit major platforms to scam consumers

PSR confirms competition concerns about cross border card fees and proposes price cap to protect UK businesses

  • Post author:
  • Post published:16/12/2024
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Cards are an essential part of how we make payments in the UK – meaning that it is particularly important that there is effective competition. Following detailed analysis and extensive…

Continue ReadingPSR confirms competition concerns about cross border card fees and proposes price cap to protect UK businesses

Joint statement from the PSR, FCA and Bank of England on the National Payments Vision

  • Post author:
  • Post published:15/11/2024
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In response to the Government's National Payments Vision, the PSR, FCA and Bank of England have responded, saying:We welcome the Government’s National Payments Vision, which sets out a clear vision…

Continue ReadingJoint statement from the PSR, FCA and Bank of England on the National Payments Vision

Anti-fraud tool Confirmation of Payee expanded to hundreds of more firms

  • Post author:
  • Post published:11/11/2024
  • Post category:

Today, the Payment Systems Regulator (PSR), marks another significant milestone in its fight to tackle fraud, as hundreds of additional financial firms adopt the name-checking service, Confirmation of Payee (CoP).…

Continue ReadingAnti-fraud tool Confirmation of Payee expanded to hundreds of more firms

PSR seeks feedback from businesses on card-acquiring remedies

  • Post author:
  • Post published:11/11/2024
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Since its card-acquiring remedies came into force last year, the PSR has been monitoring firms’ efforts to implement them effectively. It is now enhancing its engagement with businesses to get…

Continue ReadingPSR seeks feedback from businesses on card-acquiring remedies
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