Groundbreaking new protections for victims of APP scams start today
Today, 7 October, marks the start of major new protections for victims of Authorised Push Payment (APP) scams. APP fraud happens when someone is tricked into sending money to a…
New Chair of PSR Panel and Non-Executive Board Director Appointed
The PSR today confirms the appointment of Andrew Buckley as non-executive director to its Board with immediate effect. Andrew is a Simon Industrial Fellow at The University of Manchester, researching service innovation and central bank digital currencies. He is an experienced Board member with financial services experience including prior roles as a non-executive at Prepay
PSR confirms its decision on APP scams reimbursement
Today, the PSR has confirmed the maximum reimbursement limit for victims of Authorised Push Payment (APP) scams starting from 7 October. Having given careful consideration to all the feedback and information received, the PSR board has decided that the maximum reimbursement limit for Faster Payments will be £85,000. The PSR’s requirements will provide world-leading protections
PSR’s Annual Report reflects on an important year of delivery
Today, the Payment Systems Regulator’s (PSR) 2023/24 Annual Report and Accounts has been published, looking back on a year of delivery that will see numerous benefits for everyone who uses payment systems. Payments have continued to play a vital role in the UK economy and in the coming years will see further developments and innovation
PSR sets out next steps on expanding variable recurring payments in the UK
Today, the Payment Systems Regulator (PSR) has published a response to its December call for views . This call for views set out initial proposals on how the PSR could support the Phase 1 expansion of Variable Recurring Payments (VRPs) to regulated financial services, regulated utilities sectors, and local and central government. Kate Fitzgerald, Head
