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Payments industry faces regulatory investigation into card acquiring services
The UK’s Payments Systems Regulator (PSR) has launched an investigation into card acquiring services and whether Britain’s big banks and payments specialists such as Worldpay and Wirecard have taken advantage... more
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Payments Systems Regulator recieves financial services Super Complaint
Which? has made the first Super Complaint to the Payments Systems Regulator (PSR ) calling on them to ensure banks better protect victims of fraud. Which? says that protections have not kept up with the increasing number of banking transactions “and victims conned into transferring money by bank transfer to a scammer currently have no [...]
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Payments Systems Regulator urges deeper innovation
Hannah Nixon, the newly appointed managing director of the UK’s Payments Systems Regulator has bemoaned a lack of innovation in the back-end infrastructure of payments, and warned that she will step in if industry does not up its game. Speaking at a conference in London, Nixon cited Paym, Apple Pay and Barclaycard’s new bPay as examples [...]
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