Topic
Payment
982 published works
Global Regulation Tomorrow
PSR publishes interim report and consultation paper on its market review of card scheme and processing fees
By Anita Edwards, Simon Lovegrove (UK)
On 21 May 2024, the Payment Systems Regulator (PSR) published an interim report and consultation paper relating to its market review of card scheme and processing fees. The report sets…
Global Regulation Tomorrow
PSR publishes thought piece on mid-point review of its five year strategy
By Anita Edwards, Simon Lovegrove (UK)
On 7 May 2024, the Payment Systems Regulator (PSR) published a thought piece on ensuring its strategy is fit for the future. In the article, Dan Moore, the PSR’s Head…
Global Regulation Tomorrow
PSR consults on CHAPS APP scam reimbursement requirement
By Anita Edwards, Simon Lovegrove (UK)
On 8 May 2024, the Payment Systems Regulator (PSR) published a Consultation Paper, CP24/8, on the CHAPS authorised push payment (APP) scam reimbursement requirement. The proposals are intended to support…
Global Regulation Tomorrow
ECB opinion on PSR and PSD 3
On 7 May 2024, the Council of the EU published the European Central Bank’s opinion on the proposed Regulation on payment services in the internal market and the proposed Directive…
Consumer Finance and Fintech Blog
FTC Cracks Down on Payments Processor for Facilitating Fraud
By A.J. Dhaliwal, Mehul Madia, Maxwell Earp-Thomas
On May 1, the FTC announced a settlement in federal court in the Northern District of Georgia against a payment processing company, along with its former CEO and senior vice…
Global Regulation Tomorrow
PSR consults on proposed guidance when considering extensions from its specific directions and requirements
By Anita Edwards, Simon Lovegrove (UK)
On 1 May 2024, the Payment Systems Regulator (PSR) published Consultation Paper 24/6 ‘Securing compliance: Proposed extensions and exemptions guidance’ (CP24/6). Background The PSR’s specific directions and requirements are…
Global Regulation Tomorrow
PSR publishes framework for reviewing generally applicable requirements
By Anita Edwards, Simon Lovegrove (UK)
On 30 April 2024, the Payment Systems Regulator (PSR) published its framework for reviewing generally applicable requirements, to meet its new obligations under the Financial Services and Markets Act 2023…
Global Regulation Tomorrow
Draft EBA opinion on new types of payment fraud and possible mitigants
By Simon Lovegrove (UK), Michael Born (DE)
On 29 April 2024, the European Banking Authority (EBA) published a draft opinion in which it assesses payment fraud data that has recently become available to the EBA, identifies new…
Global Regulation Tomorrow
Key dates next week
Global 3 May 2024 - On 26 February 2024, the Financial Action Task Force announced it was considering revisions to Recommendation 16 (R.16), its Interpretive Note (INR.16) and the related…
Global Regulation Tomorrow
European Parliament adopts first reading position on PSD3 and PSR
By Simon Lovegrove (UK), Floortje Nagelkerke (NL)
On 22 April 2024, the European Parliament issued a press release stating that it had adopted its position at first reading on the draft Directive on payment services and electronic…