PSR

PSR Explores Expanding Variable Recurring Payments in UK

PSR Explores Expanding Variable Recurring Payments in UK
PSR Explores Expanding Variable Recurring Payments in UK
August 15, 2024  |  Legal & Regulation

Great Britain’s payments regulator has taken another step in its variable recurring payments (VRP) project. In December, the Payment Systems Regulator (PSR) put forth a...

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Push Payments Fraud in UK Hit $433 Million in 2023
Push Payments Fraud in UK Hit $433 Million in 2023
August 01, 2024  |  Cybersecurity

Push payments fraud in the U.K. increased in volume last year, while declining in value. That’s according to a report issued Thursday (Aug. 1) by...

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UK Regulators Investigating Benefits, Risks of Digital Wallets
UK Regulators Investigating Benefits, Risks of Digital Wallets
July 15, 2024  |  Payment Methods

Two United Kingdom regulators have begun gathering information on the benefits and risks of digital wallets for people and businesses. The Payment Systems Regulator (PSR) and Financial...

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UK Payments Regulator Won’t Delay Fraud Reimbursement Rules
UK Payments Regulator Won’t Delay Fraud Reimbursement Rules
June 10, 2024  |  Fraud Prevention

The UK’s payments regulator says new fraud reimbursement rules will proceed as planned. The Payment Systems Regulator told PYMNTS Monday (June 10) that it still...

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Reimbursement Backlash Forces Hemsley Out at UK’s Payment Systems Regulator
Reimbursement Backlash Forces Hemsley Out at UK’s Payment Systems Regulator
June 02, 2024  |  Legal & Regulation

The managing director of Great Britain’s Payments Systems Regulator (PSR) is reportedly stepping down. As Bloomberg News noted in a report Saturday (June 1), Chris...

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UK Regulator Opens the Door for Credit Card Data Reporting Mandates
UK Regulator Opens the Door for Credit Card Data Reporting Mandates
May 21, 2024  |  Credit Cards

Higher fees from the payments networks across the pond have not translated into better service, according to a new report. The U.K.’s Payment Systems Regulator...

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Visa and Mastercard Face Calls for More Transparency in UK
Visa and Mastercard Face Calls for More Transparency in UK
May 21, 2024  |  Credit Cards

The U.K.’s payments watchdog says card giants Visa and Mastercard need to offer greater transparency. The Payment Systems Regulator (PSR) said Tuesday (May 21) that it is proposing that both companies...

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British Payments Sector Protests Fraud Reimbursement Rules
British Payments Sector Protests Fraud Reimbursement Rules
May 15, 2024  |  Cybersecurity

The U.K. payments sector is protesting the government’s plan to have companies reimburse fraud victims. Dozens of members of the Payments Association have written to...

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