FCA's 2023/2024 Annual Report: Authorisation and Beyond
The FCA's has just published its 2023/24 annual report and our Head of Payment Services, Lorraine,...
The FCA's move to outcomes-based approach explained
Explainer on the FCA's move to outcomes-based approach and the concerns this move may cause.
Payment Services Monthly Newsletter - June 2024
Payment Services monthly newsletter - 2024
QR Codes: The New Age Digital Pickpocketing
So here's an interesting thing about something that is becoming more common place in all our lives...
Tap to Cash lets you pay by touching iPhones
Apple’s WWDC 2024 keynote was packed, including a number of key new updates for iOS 18. One of the...
UK payments watchdog rejects industry call to delay fraud refund plan
The interim head of the UK payments regulator, David Geale, has rejected industry calls to delay a...
Payment Services Monthly Newsletter - May 2024
Payment Services monthly newsletter - 2024
Checkout.com Partners with Mastercard, offering Virtual Cards to Online Travel Agents
Checkout.com, the global payment service provider, has joined forces with payments giant...
BofE warns payment firms to be ready for new Operational Resilience rules
Payment firms have been warned by the Bank of England that they need to step up their preparations...
Balancing Transparency with Reputation: The FCA's Push to Name and Shame Companies Under Investigation
On Friday 26th April, the FCA made a move that sparked both support and controversy (but mainly...
Payment Services Monthly Newsletter - April 2024
Payment Services monthly newsletter - 2024
CFIT to chair industry-led Open Finance Taskforce announced by UK Government
The Economic Secretary to the Treasury, Bim Afolami MP, has announced a new industry-led task...
Understanding the Financial Landscape: Insights from the FCA's Latest Release
The Financial Conduct Authority (FCA) unveiled its latest report yesterday (10/4/24), shedding...
Payment Services Monthly Newsletter - March 2024
Payment Services monthly newsletter - 2024
Shaping Tomorrow's Financial Landscape: Your Voice Matters in the CBI's Consumer Protection Code Consultation
Yesterday (7th March 2024), the Central Bank of Ireland (CBI) took a significant stride forward by...
FCA's Recent Warning: AML Controls Under Scrutiny
Go grab a coffee - we need to chat about this very recent alarm bell being sounded by the FCA!...
SAP Announces New Commerce Cloud Payment Solution, Drawing on Vast Partner Ecosystem to Help Retailers Gain an Edge
SAP has introduced an open payments framework within its Commerce Cloud, facilitating seamless...
Payment Services Monthly Newsletter - 2024
Payment Services monthly newsletter - 2024
NatWest Become First UK Bank Accepted To UK Open Banking DPS
NatWest Bank has become the first UK bank to join the Crown Commercial Service’s Dynamic Purchasing...
HSBC Install First Cash Pod In Nailsea To Help With Cash Access
Ahead of the closure of the town’s last bank, HSBC UK has introduced its first standalone ‘Cash...
New Klarna Service Take On US Tech Giants After Sweden Success
Payments provider Klarna has developed and rolled out a service that allows customers to share data...
Payment Services Newsletter - January 2024
Payment Services monthly newsletter - January 2024
G20 Push For Faster Payments Risks Weakening Russia Sanctions
A report from the Future of Financial Intelligence Sharing (FFIS) warns that the G20's initiative...
Revolut Teams With Jabil To Scale Mobile Payment Solutions
Jabil has announced ongoing innovation between its payment solutions business unit and Revolut to...
TrueLayer first to join SEPA Payment Account Access Scheme
Open banking payments network TrueLayer has been authorised as the first participant in the SEPA...
Payment Services Newsletter - December 2023
Payment Services monthly newsletter - December 2023
Crypto.com gains momentum with UK financial authority’s approval
The FCA has authorised Crypto.com as an Electronic Money Institution (EMI), enabling it to expand...
Instant Payment Systems To Deliver 24/7 Cross-Border Processing
Cross-border payments destined for Europe can now reach beneficiaries in seconds, seamlessly...
Latest regulatory initiatives grid published
The Financial Services Regulatory Initiatives Forum has published the seventh edition of its...
Payments review calls for open banking reform and legislation
Published on 22 November 2023, the much anticipated Future of Payments Review takes a deep dive...
Payment Services Newsletter - November 2023
Payment Services monthly newsletter - November 2023
PSR publishes APP fraud performance data
In October 2023, the Payment Services Regulator (PSR) published 2022 performance data on authorised...
FCA and Modulr agree customer onboarding restrictions
The FCA has imposed customer onboarding restrictions on payments-as-a-service provider Modulr until...
Payment Services Newsletter - October 2023
Payment Services monthly newsletter - October 2023
Binance to discontinue Visa debit card services in Europe
Prominent global cryptocurrency exchange Binance is to discontinue its Visa debit card services in...
World Payments Report Finds Non-cash Transactions Are Rising
Non-cash transaction volumes have maintained their upward momentum, as consumers and businesses...
Payment Services Newsletter - September 2023
Payment Services monthly newsletter - September 2023
FCA says poor-quality applications are creating log jams
The FCA has said that poor-quality applications and ‘radical innovation' are sustaining a log jam...
EC sees new opportunities in modernising payment services
The European Commission (EC) recently put forward fresh proposals for bringing payments and the...
PSR consults on APP fraud reimbursement overhaul
The UK Payment Systems Regulator (PSR) has launched two consultations ahead of the implementation...
Payment Services Newsletter - August 2023
Payment Services monthly newsletter - August 2023
FCA requests data from banks on account closures
After announcing that it intends to carry out a data exercise looking into the basis on which...
The digital pound
The Bank of England (BoE) recently announced that it is looking into the case for a digital pound.
Government responds to payments regulation consultation
The recent publication of the government’s Payments Regulation and the Systemic Perimeter:...
Payment Services Newsletter - July 2023
Payment Services monthly newsletter - July 2023
PSD3: Modernising Payment Services & Opening Financial Services
The European Commission (EC) has put forward proposals for bringing payments and the wider...
Digital Identity Critical For Digital Wallet Confidence & Growth
A new report from API management and security vendor Curity has found that UK organisations and...
The fraud epidemic isn’t going anywhere. It’s time to take action
We have recently seen a slew of bad news about an alarming ongoing rise in payments fraud,...
Payment Services Newsletter - June 2023
A new white paper from Tietoevry Banking argues that - rather than competing - card payments and...
Will the future be cards, mobile payments… or both?
A new white paper from Tietoevry Banking argues that - rather than competing - card payments and...
A2A payments now worth more than $500bn
Worldpay’s Global Payments Report revealed that account-to-account (A2A) payments are now worth...
UK consumers embrace alternative payment methods
The Global Payments Report 2023 shows UK consumers embracing alternative payment offerings like...
Empowering Operational Resilience: The Power Of Cyber Resilience
In today's digital landscape, organisations face a multitude of cyber threats that can disrupt...
OPBAS Publishes Report On Legal & Accountancy Supervision
In its fourth report, the Office for Professional Body Anti-Money Laundering Supervision (OPBAS)...
Watchdog Warns Banks On Post Office Money Laundering
A series of measures designed to reduce the risk of money laundering via the Post Office have today...
Payment Services Newsletter - May 2023
Here's an overview of our monthly payment services updates from out Payment Services Compliance...
Report: The European payments landscape for 2023
Payments Cards & Mobile’s exclusive annual review of European payments data from 33 European...
European P2P sector could get €400m boost from AI this year
The continued uptake of artificial intelligence (AI) among European peer-to-peer lending platforms...
GSMA: State of the Industry Report on Mobile Money
Mobile money is now considered a mainstream financial service in many countries During the COVID-19...
Payment Services Newsletter - April 2023
Payment Services Compliance Newsletter from April 2023. Here's an overview of our monthly payment...
UK Open Banking market at a crossroads
A new report on Open Banking by the Coalition for a Digital Economy reports that UK Open Banking is...
Global Payments Report 2023
In 2022, account-to-account (A2A) payments continued growing across the globe, with the expansion...
Optimising payments and the transition to ISO20022
Payment models are changing radically, creating both challenges and opportunities for financial...
Payment Services Newsletter - March 2023
Payment Services Compliance Newsletter - Here's an overview of our monthly payment services updates
Cards used for half of payments for first time last year
Card payments accounted for half (51 percent) of all payments in the UK in 2019. Remote banking...
The Future Development Of Open Banking In The UK - Final Report
More than 6.5 million consumers and SMEs in the UK already use open banking-enabled products and...
Britcoin: UK government reveals ‘digital pound’ plans
A central bank digital currency (CBDC) is currently being explored by the Treasury and the Bank of...
The European payments landscape for 2023
Payments Cards & Mobile’s exclusive annual review of European payments data from 33 European...
Interview: The transformation of the UK payments landscape
Jana Mackintosh is Managing Director for Payments and Innovation at UK Finance. She is experienced...
Dear CEO Letter - Payment Services Firms Need To Listen Up
On March 16, 2023, the FCA published a Dear CEO Letter sending a strong message to payment services...
Is Your Regulatory Control Framework Getting Stuck?
On 10 March, 2023, the FCA set out its expectations of FCA solo-regulated fast growing firms to...
Payment Services Newsletter
Payment Services Compliance Newsletter - Here's an overview of our monthly payment services updates:
Predicted payments trends for 2023
Our lives are becoming increasingly digitised, as connected devices and services proliferate.
Cash still the most frequently used means of payment at POS
The European Central Bank (ECB) has published its latest study on consumer payment attitudes across...
The future of UK consumer payments
A new forecast from UK Finance predicts that debit cards will be the preferred means of payment for...
Review and Call for Evidence
In January 2023, HM Treasury released its statutory review of the Payment Services Regulations 2017...
Dear CEO Letter To Payment Services Firms On The Consumer Duty
In February 2023, the FCA issued a Dear CEO letter to firms authorised under the Payment Services...
Ensuring Compliance In The Digital Age: ECE Audits
The electronic communications industry has grown rapidly in recent years, and with it, the...
Payment Services Newsletter January 2023
Payment Services Compliance Newsletter January 2023 - Here's an overview of our monthly payment...
How acquirers can solve the payments puzzle
A new paper from Tribe Payments outlines huge opportunities for acquirers in the digital economy.
Payment platform problems – fix or switch?
Today’s leading financial institutions still operate outdated card and payment platforms dating...
Contactless mobile payments to surpass a billion users in 2024
A new study has found that the total number of unique contactless mobile payment users will top a...
FCA To Issue Financial Resilience Survey (Covid-19 Impact Survey)
In February 2023, the FCA will ask a wide range of firms to complete a Financial Resilience survey...
TSB Fined £48.65m For Operational Resilience Failings
In December 2022, the FCA and the PRA fined TSB Bank plc £48,650,000 (£29,750,000 by the FCA and...
Payment Services Newsletter December 2022
Payment Services Compliance Newsletter December 2022 - Here's an overview of our monthly payment...
Digital Wallet Users To Exceed 5.2 billion Globally By 2026
A new study has found that the total number of digital wallet users will exceed 5.2 billion...
How does the future look for embedded payments?
A long article in Payments Cards & Mobile looked at what embedded payments are - and what the...
World Payment Report 2022
The latest edition of the World Payment Report 2022 is now live. As we can all acknowledge, work,...
75% Of EU banks To Move Parts Of Payments Value Chain To SaaS
A new study from Tietoevry Banking reveals that European banks will accelerate outsourcing in...
Payment services authorisation update Dec 22
During a recent regulatory compliance forum, a keynote speech made by Nicholas Webb, the manager of...
First Supervisory Notice to Lilium Markets Ltd
In November 2022, the FCA issued a First Supervisory Notice explaining its decision, taken the...