In a blow to those who believe a cashless society is near, the UK Treasury Committee has held an evidence session with the Payment Systems Regulator (PSR), in which Rt Hon. Nicky... more
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The Payment Systems Regulator (PSR) has published its final terms of reference for a market review into the supply of card acquiring services. The regulator notes that card payments are... more
The post Payment Systems Regulator confirms market review into card acquiring services appeared first on Payments Cards & Mobile.
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
The post Payments industry faces regulatory investigation into card acquiring services appeared first on Payments Cards & Mobile.
The New Payment Systems Operator (NPSO) has announced that it has taken over responsibility for the operation of Bacs and Faster Payments. The completion of this transaction represents a significant milestone for the payments industry and is the latest step in a series of developments bringing wholesale change to UK payments. The PSR set up [...]
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The Payment Systems Regulator (PSR) and Bank of England (BoE) have announced that the Payment System Operator Delivery Group (PSODG) has completed the necessary steps to deliver against the mandate that the regulators tasked it with. Following the appointment of Melanie Johnson as its first chair, work will continue at pace to deliver the New [...]