Credit: IR Stone / Shutterstock Britain’s payments firms are breathing a collective sigh of relief at the news that the Payment Systems Regulator (PSR) might lower the cap on its incoming fraud…
Tag: PSR
PSR confirms consultation on possible £85k APP fraud reimbursement cap
Credit: Pungu x / Shutterstock The Payment Systems Regulator (PSR) has clarified the reasoning behind a review of its authorised push payment fraud (APP fraud) reimbursement policy. However, it has not confirmed…
PSR may cut reimbursement rate but scale of APP fraud remains worrying
Credit: AntonKhrupinArt / Shutterstock The Payments Systems Regulator (PSR) is apparently going to water down its incoming rules around authorised push payment fraud (APP fraud) reimbursement. APP fraud is when customers authorise…
PSR stresses need for new rules after latest APP scam data
Credit: Shutterstock The Payment Systems Regulator (PSR) has announced that Authorised Push Payment (APP) scams totalled almost £341m in its second annual APP fraud performance report. The PSR report provides information on…
PSR APP fraud rules may “pile even more pressure” on smaller companies
The UK payments industry is pushing back against the Payments Systems Regulator’s (PSR) incoming requirements around authorised push payment (APP) fraud reimbursement. According to Bloomberg, 30 members of The Payments Association (TPA)…
PSR proposes extending APP fraud reimbursement rules to CHAPS
Credit: Song_about_summer / Shutterstock The Payment Systems Regulator (PSR) is considering extending its forthcoming authorised push payment (APP) fraud reimbursement rules to the Clearing House Automated Payment System (CHAPS). This would build…
PSR updates APP policies but ‘reimbursement alone cannot prevent fraud’
Shutterstock The UK’s Payments Systems Regulator (PSR) has taken a significant step in improving consumer protection against Authorised Push Payment (APP) fraud. Following consultations over the past few months, the PSR has…