Our latest insights

Project Regulator

Project Regulator, by engaging with key regulatory bodies, pushes for a fairer and more transparent regulatory landscape for payments companies. The project provides a helpful and open forum for members of The Payments Association to swap and share insight, as well as an opportunity to contribute to industry consultations and thought-leadership activities to help resolve the regulatory concerns of The Payments Association community.

Alison Donnelly, Project Lead

Mission Statement:

To engage with regulatory bodies to promote and champion the regulatory concerns of members of The Payments Association and drive change towards the development of a fairer regulatory landscape for payments companies

 

Strategy and Approach 2022:

Policy Agenda

  • Continue to engage with HMT and respond to regulatory consultations (such as Payments Landscape Review) to represent the views of the TPA membership
  • Continue to develop relationships with key stakeholders 
  • Work in partnership with the FCA, through regular calls and quarterly workshops
  • Work with PSR to help them develop their strategy on ‘Innovation and future payment methods, Competition and Choice & Availability of payment methods’

 

Community Agenda

  • Work to keep TPA members informed of compliance requirements on a regular basis through video and email updates
  • Draft independent thought-leadership content pieces on UK/EU regulatory divergence and other areas that will impact TPA members

 

Project Regulator Team

Leader

Alison Donnelly – Director, fscom

Mentor

Nathalie Oestmann – Chief Operating Officer, Curve
 

Deputy Project Mentor

Mandy Lamb – Managing Director, Visa

Team Members

Mike Chambers – Director, Eazy Collect and Northey Point

Shannon Seitz – Legal Counsel, UK and Europe, Western Union

Max Savoie – Partner, Sidley Austin

Mitch Trehan – Head of Compliance, Banking Circle

Melissa Corkhill – Regulatory Compliance Senior Manager, Modulr

Nilixa Devlukia – Founder, Payments Solved

Robert Courtneige – Independent

Kai Zhang – Special Counsel, K&L Gates

Manish Garg – Managing Director, Banksly

Dan Jones – Special Counsel, Baker Botts

Mike Peplow – Chief Executive Officer, Paynetics

Andrew Whitworth – Public Affairs Lead, Curve 

Mina Louka – MD, CEO, B2B Payment Solution

Rajpal Khangura – MLRO, Coin Payments

Teresa Connors – Client Director, Payment Matters

James Borley – Consultant, Compliancy Services

Jacques Halbert – Regulatory Legal Counsel, WEX

Danielle Greenan – Senior Manager, Regulatory and Public Policy, EY

Consultation Responses

The Payments Association, through the activities of Project Regulator, engages with regulatory bodies to promote and champion the concerns of Payments Association members in current and future regulation and drives change through the development of a fairer regulatory landscape for payments companies.

The UK payments industry is moving through a period of structural and regulatory change and so the Payments Association is keen to ensure that the payments industry is fully informed of all regulatory change and to ensure that the voice of all Payments Association members is heard in payments regulation. Through the Payments Association’s Project Regulator, the Payments Association has produced an active consultation registry which details consultations that the Project Regulator team recommends an organisational response, highlights all live payments consultations and will act as a navigation tool for Payments Association members.

See all consultation responses

Research Initiatives

Corporate Card Landscape

The Payments Association’s Project Regulator team, in partnership with FIS, has undertaken research to explore the ever-evolving landscape of corporate cards and how companies are using corporate cards more efficiently, throughout their businesses, to retain staff, reduce costs and optimise cashflow.

Created by a consortium of The Payments Association’s members that included senior figures from FIS, Cardlay, Schiltz & Schiltz, NatWest, FLEETCOR and Accenture, this expertise mix drawn from established banks, fintechs and regulatory experts gives a broad view of the corporate cards landscape and its future.

Interviews

Transcripts

Recent Media

Regulation of Buy-Now-Pay-Later Consultation Response - HMT

Formation of the UK Industry Digital Currencies Coordination Group

PAY360 2022 - The FCA’s priorities for payments

UK Payments Regulation Review: Making sense of where to go now

The Payments Association’s response to HM Treasury’s Consultation on the Regulation of Buy-Now-Pay-Later

BNPL Regulation: What's on the horizon?

This podcast episode brought to you by Project Regulator will explore how widespread Buy now pay later (BNPL) is in the UK and whether it is a viable market. Tune in to hear our expert speakers discuss what technology is used for BNPL, why it has grown so much and how it differs to your traditional payday lender. Our speakers go beyond this to discuss whether BNPL provides an answer to the lack of affordable credit options in the market, the threats it poses to consumers and how it should be regulated.

Navigating the Ocean of Opportunities for Corporate Payment Cards

Find out the ground-breaking technologies, key strategic considerations, and optimal routes to achieving greater corporate card penetration in this whitepaper.

The Payments Association's response to HM Treasury's Call for Evidence Review of the UK’s AML CTF Regulatory Regime

The Payments Association's response to HM Treasury's Consultation on Amendments to the Money Laundering, Terrorist Financing and Transfer of Funds Regulations (October 2021)

PSD2 & beyond: From imagining the future to filling in the gaps

Download Ekata and Allyiz's latest eBook where they explore what these global merchants are seeing in the market - the ultimate temperature check on all the effort undertaken by the various payments players in the ecosystem.

The Payments Association's response to the DCMS consultation on digital identity

What needs to be done to advance UK payments regulation?

The Payments Association's Response to the FCA's CP21/13 - 'A New Consumer Duty'

A Payments Regulation Road Map - Payments Association in partnership with Eversheds Sutherland

This paper will keep you on track with the evolving landscape of payments regulation. The Payments Regulatory Roadmap is designed to give an overview of the areas of payments regulation that our members should be anticipating in the next two years and to know the next steps and action required. And to help you prioritise what is of critical importance and what is less impactful.

The Payments Association's Response to Payment Systems Regulator’s CP21/6 Confirmation of payee - Call for views

Brave new money: Crypto, CBDC and regulation in the UK

This podcast, moderated by Project lead Alison Donnelly, explores the U.K.'s current and future stance on crypto regulation and its potential divergence with the EU/eurozone. The team covers important themes such as AML rules and registration, UK government proposals for broader regulation of cryptoassets and stablecoins, and BoE proposals for a UK CBDC.

Training Session Three - fscom

Day 4 of PAY360 Virtual Conference: Training Session Three: MT Global, Lessons learned – HMRC fined FX and Payments firm MT Global with a huge £23m fine, what are the lessons you should take from this.

Training Session Two - fscom

Day 4 of PAY360 Virtual Conference Training Session Two: Planning your own demise…Wind down planning – No one wants to plan for failure but the FCA is asking you to, this is what you need to know

Training Session One - fscom

Day 4 of PAY360 Virtual Conference Brexit Update for payments – how should you as a payment’s firms be managing from the UK outwards and the EU inwards.

FCA expectations of well-run payments and e-money firms

Day 1 of PAY360 Virtual Conference: With Paul Roe and Jane Moore, FCA

The Payments Association's Response to PSR's New Payments Architecture Consultation

The Payments Association's response to HM Treasury's consultation on UK regulatory approach to cryptoassets and stablecoins

PSD2 SCA: How ready are issuers?

This paper focuses on issuers and their state of preparedness to abide by the revised directive.

The Payments Association's response to HM Treasury consultation - Insolvency changes for PIs and EMIs

Reply to the PSR Interim Report - Supply of Card Acquiring Services – Neira Jones - December 2020

Consultation response by Neira Jones, CEO of Phoenix Edge Ltd

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