Tag: Payment Systems Regulator (PSR)

FCA publishes new rules on handling complaints about APP fraud
December 14, 2018 BY Valentina Kirilova

FCA publishes new rules on handling complaints about APP fraud

Last month, the Financial Conduct Authority (FCA) has contributed to the Payment Systems Regulator (PSR) paper on Authorised Push Payment Scams. Following a super-complaint by Which?, the consumer watchdog, the regulators found that receiving PSPs could do more to identify fraudulent incoming payments and prevent accounts from being compromised by fraudsters. The FCA has today published new rules allowing…

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FCA
November 07, 2017 BY Valentina Kirilova

FCA response to PSR’s paper on authorised push payment scams

The Financial Conduct Authority (FCA) has contributed to the Payment Systems Regulator (PSR) paper on Authorised Push Payment Scams. This follows the Which? super-complaint regarding safeguards in the market for push payments. In December 2016, the FCA committed to identify if there were any firm-specific or sector-wide issues in the way banks handle authorised push…

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