05 Dec 22 @ 18:14

On October 26, 2022 a proposal for a Regulation amending Regulations (EU) no 260/2012 (SEPA Regulation) and (EU) 2021/1230 (Cross-border Payments Regulation or CBPR2) as regards instant credit transfer in... read more

15 Nov 22 @ 17:28

The Covid-19 pandemic had a significant impact on people’s payment habits, with cash use falling significantly, and by more than other payment types. This has led to some concerns that... read more

25 Aug 22 @ 13:24

Visa and Mastercard have both cited fraud as the primary reason for their respective increase in interchange fees between the UK and the EU after Brexit. Both companies face a... read more

08 Aug 22 @ 16:26

On 20 July 2022, HM Treasury published a consultation and call for evidence on the government’s approach to reforms to the payments regulation landscape, including the systemic payments perimeter of the... read more

19 May 22 @ 12:55

The cryptocurrency and assets market has grown significantly and is now worth £1.6 trillion globally. In the UK, over 2.3 million consumers now hold some form of cryptoasset. With such... read more

01 Apr 22 @ 11:00

The Payment Systems Regulator (PSR) has published its Annual Plan for 2022/23, to go further in making sure payment systems are fit for the future – offering access, protection and... read more

14 Dec 21 @ 15:14

The UK Financial Conduct Authority (FCA) has recently published its policy statement PS21/19 which sets out amendments to the UK SCA-RTS. The Policy Statement sets out final rule changes, as... read more

23 Sep 21 @ 11:05

A new white paper unveils the markets which will be at the forefront of powering the payments industry in the coming years. Released by Transact Payments Ltd (TPL), it reveals that... read more

31 Mar 21 @ 16:11

The Payment Systems Regulator (PSR) has set out provisional accusations for five payments companies including Mastercard, in which it states the companies violated antitrust laws, by operating a cartel for... read more

21 Oct 20 @ 11:20

Over the last couple of days there have been numerous reports around extravagant card scheme fees paid to the major payment networks, retailers had to spend more than £1 billion... read more

27 Sep 19 @ 12:56

The finance industry prevented £820 million of unauthorised fraud in H1 2019, up 14% on the previous year, according to the latest figures from UK Finance. This is equivalent to £2... read more

02 Apr 19 @ 10:27

65% of merchants want to accept instant payments. That’s because they know the customer experience (CX) benefits will drive growth for their business, and they recognise that this payment type... read more

11 Oct 18 @ 08:54

There is no doubt that lack of trust in the payment system remains a fundamental obstacle to a cashless society. Research shows that consumers are now more concerned than ever... read more

18 Jun 18 @ 13:47

Global adoption of real-time payments systems has soared in recent years, enabling consumers to transfer money between accounts instantly, but also irrevocably. In November 2017 the Eurozone launched its cross-border,... read more

12 Mar 18 @ 15:00

On January 13th 2018 new regulations came into force – called the Payment Services Regulations – Article 105 of which compels banks to offer bank accounts and payment services to... read more

04 Jan 17 @ 16:22

The Competition and Markets Authority (CMA) has found that Mastercard’s acquisition of VocaLink gives rise to competition concerns. Mastercard already owns and operates credit and debit card schemes Mastercard, Maestro and... read more

05 Dec 16 @ 12:01

The largest UK banks are set for another windfall with the sale of the bank-owned payments company VocaLink to Mastercard for £700 million ($920 million) – but what are the... read more

26 Sep 16 @ 13:36

Which? has made the first Super Complaint to the Payments Systems Regulator (PSR ) calling on them to ensure banks better protect victims of fraud. Which? says that protections have... read more

16 Mar 16 @ 12:16

The UK FinTech report, commissioned by HM Treasury and published last month, confirmed something we’re pretty much all agreed upon: “The UK is a global capital for FinTech”. Within FinTech,... read more

29 Feb 16 @ 09:28

The Payment Systems Regulator (PSR) has published the provisional findings of its market review into the ownership and competitiveness of the payments infrastructure that supports the payments systems; Bacs, Faster... read more