UK Payment Systems Regulator to be abolished as part of efficiency drive
The UK Payment Systems Regulator (PSR) will be abolished as the latest step in reducing the burdens on business.
The UK Payment Systems Regulator (PSR) will be abolished as the latest step in reducing the burdens on business.
The Payments Systems Regulator (PSR) and Financial Conduct Authority (FCA) are seeking views on the benefits and risks of digital wallets.
Authorised push payment (APP) fraud has quickly become one of the most significant types of fraud, both in the UK and globally.
The reviews focus on Mastercard and Visa as these two card payment system operators account for 99% of debit and credit card payments in the UK.
The PSR has imposed fines against Mastercard, allpay, Advanced Payment Solutions (APS), Prepaid Financial Services (PFS) and Sulion.