Payment Systems Regulator

Debate Over UK Fraud Refund Rules Heats Up
Debate Over UK Fraud Refund Rules Heats Up
February 15, 2023  |  Bank Regulation

Regulators in the U.K. are preparing to mandate that banks reimburse victims of APP fraud. Leading the charge, the Payment Systems Regulator (PSR) has drawn...

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Barclays ‘Bitterly Disappoints’ With 15% Drop in Profit
Barclays ‘Bitterly Disappoints’ With 15% Drop in Profit
February 15, 2023  |  Earnings

British bank Barclays is apparently still suffering the cost of an $361 million administrative error. The bank on Wednesday released a full-year earnings report showing...

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UK Regulator Reports ‘Broad Support’ for Reimbursing APP Fraud Victims
UK Regulator Reports ‘Broad Support’ for Reimbursing APP Fraud Victims
February 06, 2023  |  Security & Fraud

The U.K.’s payments regulator wants banks to reimburse victims of authorized push payment (APP) fraud. In light of a 40% increase in APP fraud in...

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UK’s Payment Regulator Turns Attention to APP Fraud
UK’s Payment Regulator Turns Attention to APP Fraud
December 08, 2022  |  Security & Fraud

The U.K.’s payment regulator has outlined new rules to combat authorized push payment (APP) fraud. The Payment Systems Regulator (PSR) published new rules for banks...

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UK Regulator Fines Barclays $10.3M for Violating Card-Fee Rules
UK Regulator Fines Barclays $10.3M for Violating Card-Fee Rules
December 02, 2022  |  Bank Regulation

The U.K.’s payments regulator has fined Barclays 8.4 million pounds ($10.26 million). In a Thursday (Dec. 1) press release, the Payment Systems Regulator (PSR) said...

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UK Seeks Guidance on New Open Banking Roadmap, Regulator
UK Seeks Guidance on New Open Banking Roadmap, Regulator
June 29, 2022  |  Bank Regulation

Last week, on June 24, the U.K. Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR) issued two different statements about the future of...

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UK Payment Systems Regulator to Review Visa, Mastercard Fees
UK Payment Systems Regulator to Review Visa, Mastercard Fees
June 21, 2022  |  Credit Cards

On Tuesday (June 21), the U.K.’s Payment Systems Regulator (PSR) detailed plans for two market reviews it will carry out focusing on card fees. One...

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EMEA Daily: UAE PropTech Startup Huspy Raises $37M
EMEA Daily: UAE PropTech Startup Huspy Raises $37M
June 21, 2022  |  International

In today’s top stories from Europe, the Middle East and Africa (EMEA), Emirati PropTech Huspy, Swedish electric vehicle marketplace Carla and German logistics platform TradeLink...

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UK Bill to Give Regulator Power to Require Scam Reimbursement
UK Bill to Give Regulator Power to Require Scam Reimbursement
May 10, 2022  |  Regulation

The U.K.’s Payment Systems Regulator (PSR) is gaining the ability to make banks provide compensation to victims of “push payment scams,” the Financial Times reported...

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