In new guidance published today, the PSR provides firms with greater transparency around how it will make decisions on whether to grant exemptions or extensions to a specific direction or requirement. The PSR uses specific directions and requirements to require firms to make changes that improve payments for people and businesses across the UK. Following
The Payments Systems Regulator (PSR) and Financial Conduct Authority (FCA) are seeking views on the benefits and risks digital wallets bring to people and businesses. The use of digital wallets has grown rapidly over the last few years, and it’s likely that more than half of UK adults now use one. With Apple Pay, Google
The PSR today confirms the appointment of Sheldon Mills as non-executive director to its board with immediate effect. Sheldon was appointed Executive Director, Consumers and Competition at the FCA in December 2020, which includes overseeing policy and supervision of retail financial services, as well as the FCA’s competition market studies and enforcement activities. At the
The Payment Systems Regulator (PSR) has announced today that David Geale has been appointed Interim Managing Director of the PSR with effect from 10 June. The interim appointment will be for a period of nine months. David joins the PSR from the FCA where he has most recently been Director of Retail Banking with responsibility
The PSR has published the outcome of its recent consultation on proposals to revise Specific Directions 14,15 and 16 associated with card-acquiring services. The PSR issued these directions in 2022 to the 14 most significant providers of card-acquiring services to improve services and choice for businesses receiving card payments. Issuing these directions was a crucial
