Article summary
The Payment Systems Regulator (PSR) has published a speech delivered by managing director Chris Hemsley at the Payments Regulation and Innovation Summit 2024, in which he discussed upcoming developments including a ‘fundamental shift’ in how the PSR tackles authorised push payment (APP) fraud; new opportunities for payments to take place using Open Banking; and publication of the PSR’s conclusions on its two reviews into card fees. The new framework for the Financial Conduct Authority (FCA) to oversee cash access will also take full effect.
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