The Payments Association welcomes the opportunity to contribute to HMT Consultation “A streamlined approach to payment systems regulation”. The community’s response contained in this paper reflects views expressed by our
Date & Time:9 October, 09:30 – 11:00 (Online – link to be provided by TPA) About the EventThis 90-minute session will explore HM Treasury’s consultation on the future of the
Join us for an important session with the Payment Systems Regulator (PSR) as they outline upcoming minor changes to their enforcement process. These updates are intended to streamline the procedure,
Event OverviewInnovation is rightly a big focus across the payments ecosystem — including for the PSR, which has a primary objective to promote the development of, and innovation in, payment
About the Session We’re hosting a follow-up evidence session on the Consumer Standard of Care (CSoC) at the Payment Systems Regulator. This 90-minute discussion is a vital opportunity for members
Members are invited to join our evidence session to gather members’ views on the future of the regulatory set-up for payments. Why Attend? Contributing to the design of regulatory frameworks
Members of The Payments Association are invited to join the Payment Systems Regulator’s (PSR) roundtable at PAY360 to discuss where future innovation in payments is coming from in the UK
The Payments Association welcomes the opportunity to contribute to the PSR’s Consultation paper CP24/13 “Proposed approach to Specific Direction 3 Pausing the requirement for a competitive procurement”. The community’s response
Join us for this important 1-hour session where we tackle one of the most pressing issues in APP fraud regulation—the PSR’s Customer Standard of Caution (CSC) approach. CSC emerged as
The PSR is consulting on proposed changes to Specific Direction 3 (SD3), which sets the legal requirements for Pay.UK in procuring upgraded infrastructure for payments currently made over Faster Payments
With the new rules from the PSR requiring PSPs to reimburse customers who have been scammed arriving in October 2024, The Payments Association has undertaken a survey to discover what
This workshop is an opportunity for TPA members to hear more about the PSR’s Mid-Strategy review, including the key findings and proposed next steps for the PSR. The PSR will
On Thursday 28 November (from 11:00 to 12:30), the PSR will be hosting an event at their offices that will explore what’s next for VRPs, particularly around pricing. In line
With the new rules from the PSR requiring PSPs to reimburse customers who have been scammed arriving in October 2024, The Payments Association has undertaken a survey to discover what
The Payments Association welcomes the opportunity to contribute to the PSR Consultation Paper “Faster Payments APP scams: changing the maximum level of reimbursement”. The community’s response contained in this paper
Join us as we propose changes responding to the PSR new consultation on the maximum reimbursement level for APP scams, effective from 7 October 2024. The new proposed cap is
This horizon-scanning workshop is an opportunity for members of TPA to discuss with the PSR what we consider to be priorities in the short to medium term, and what we
David Geale was appointed permanent executive director for payments and digital finance, and managing director of the Payment Systems Regulator (PSR) in May 2025. David had been acting as the managing director of the
PSPs are working hard to be ready to comply with the PSR’s new regulations aiming to prevent APP fraud by October 7th 2024. But the devil is in the detail: often
The Payment Systems Regulator (PSR) is developing their compliance monitoring framework and wants your input The PSR established its Supervision and Compliance Monitoring Division in 2023. Prior to publishing their
Join the Payment Systems Regulator’s roundtables at PAY360 to discuss where future innovation in payments is coming from in the UK. Conversation topics will include the impact of technological change
In the first half of 2023, UK Finance reported authorised push payment (APP) fraud losses amounting to £293.3 million, with the total number of APP cases increasing by 22%. The nature of authorised push payment (APP) fraud was harrowing – victims were willingly initiating and authorising payments into controlled accounts, often driven by criminal manipulation or misinformation.
On 30 October 2023, HM Treasury (HMT) issued its long-awaited policy document on the regulation of fiat-backed stablecoins in the UK. Framed as “Phase 1” of the UK’s approach to cryptoasset regulation, HMT’s paper was quickly followed by discussion papers from the Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA) and Bank of England (BOE) on the future regulatory approach to such stablecoins.
Although there are a number of steps to go before the stablecoin regime comes into effect (with implementation anticipated in 2025), the 2023 papers give helpful insights into the direction of the new regime.
Authorised push payment (APP) fraud has been steadily climbing the charts of global payment frauds with nearly £240m lost to UK consumers and businesses in the first six months of 2023.
As retail open banking continues to grow, mechanisms should be put in place to balance innovative products for consumers while ensuring adequate fraud protection.
The Payment Systems Regulator (PSR) has published its report detailing the latest data on the pressing issue of APP fraud scams.
On Thursday last week, The Payments Association presented the launch of its latest report ‘Navigating the rising cost of living: Payments innovation as a game-changer’ at Parliament to a range of representatives from the House of Commons, House of Lords, and industry bodies including…the HMT, the FCA, BoE and the PSR.
The introduction of a digital pound is an opportunity to reform the financial system and make finance more accessible and inclusive.
The current economic climate is making first-party fraud – also known as friendly fraud – more appealing to those struggling financially. Sarah Jordan and Stephanie Kattah examine the challenges facing
Answer Pay’s Peter Cornforth examines the significance of Request to Pay alongside CoP, highlighting their combined role in meeting regulatory demands and fortifying payment security.
The Payments Association welcomes the opportunity to contribute to the PSR Consultation Paper “A new reimbursement requirement Faster Payments APP scam reimbursement rules and operator monitoring”. The community’s response contained
Chris Hemsley, managing director of the Payment Services Regulator (PSR), says the watchdog’s plan will be published by the end of June 2023.
The Payments Association’s head of policy and government relations Ricardo Tordera takes a look back at the trade body’s key achievements in 2022.
APP Scams continue to grow, and we appreciate the PSR is committed to doing more to protect consumers. Nonetheless, we do not believe that measures such as requiring mandatory reimbursement
The Payments Association welcomes the opportunity to contribute to the PSR “Market Review of UK-EEA consumer cross-border interchange fees”. The community’s response contained in this paper reflects views expressed by
The Payments Association welcomes the opportunity to contribute to the PSR “Market Review of card scheme and processing fees”. The community’s response contained in this paper reflects views expressed by
The Payments Association welcomes the opportunity to contribute to the PSR “Market review into card-acquiring services”. The community’s response contained in this paper reflects views expressed by our members and
