All the updated news related to payment systems regulator (psr)

All the news related to payment systems regulator (psr) updated in real time

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Personal Finance

TSB highlights common purchase scams as shoppers gear up for Christmas

Purchase scams have made up more than half (55%) of authorised push payment (APP) fraud cases recorded by TSB so far this year, the bank has warned. As people prepare their shopping lists for Black Friday (November 29) and Christmas spending, the ...

12 Nov 2024 at 00:01

Personal Finance

Over half of APP scams last year ‘carried out by fraudsters using social media’

Authorised push payment (APP) scams cost UK consumers £341 million last year, with social media platforms used by fraudsters to carry out more than half of the volume of incidents, according to figures from a regulator. APP scams happen when ...

17 Dec 2024 at 00:01

Personal Finance

New fraud refund mechanism could exclude a quarter of victims, TSB warns

TSB is urging a regulator to reconsider proposals which could mean one in four people who are tricked into transferring money to a fraudster being denied their money back. The bank said the Payment Systems Regulator (PSR) should reconsider ...

07 Jan 2023 at 00:01

Personal Finance

APP reimbursement code: How does it work and what could stop me being refunded?

People falling victim to crimes such as purchase scams, romance frauds and investment scams will have the protections of a new reimbursement code from Monday. Here is a look at how the new code will work: – What is happening? A new code ...

07 Oct 2024 at 00:01

City

MPs demand answers from Visa and Mastercard over post-Brexit card fees hike

MPs have written to Visa and Mastercard to demand to know why they have increased fees nearly sixfold when Brits shop with European businesses. The Treasury Select Committee said fees have risen from 0.2% to 1.15% when a UK customer ...

14 Jul 2022 at 12:06

City

Mastercard and Visa raising fees but not improving quality, watchdog warns

Mastercard and Visa do not face enough competition in the payments market, meaning UK businesses are forced to pay higher fees to process transactions, according to a new report by the UK payments watchdog. The Payment Systems ...

21 May 2024 at 15:00

Personal Finance

Digital wallets used for 29% of card transactions in 2023

The share of card transactions using a digital wallet has more than tripled in recent years, according to regulators. Digital wallets allow people to make payments using mobile phones or other electronic devices. In the UK, ...

19 Feb 2025 at 12:09

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