payments regulation

PSR strengthens oversight of Mastercard and Visa

31st July 2026 Consumer Lending | #payments regulation

Businesses across the UK will benefit from greater transparency over the card fees they pay, after the Payment Systems Regulator (PSR) confirmed new requirements on Mastercard and Visa. The measures follow the PSR’s market review of card scheme and processing fees. Card scheme and processing fees are paid by businesses to accept card payments –…

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PSR announces card fees, fraud and payments reform plans

27th March 2026 Consumer Lending | #payments regulation

The Payment Systems Regulator  (PSR) has set out its work programme for 2026/27 highlighting its focus on tackling high card fees, maintaining world-leading protections against Authorised Push Payment (APP) fraud and supporting innovation and competition across UK payments. This year’s work plan sets out how the regulator will build on recent reforms, take forward further…

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Payment Systems Regulator to be merged into FCA

12th March 2025 Consumer Lending | #payments regulation

The Government has announced that the Payment Systems Regulator (PSR) will be abolished and its remit absorbed by the Financial Conduct Authority (FCA). The move comes amid concern that the financial regulatory system is overly complex. The PSR, which looks after payment systems like Faster Payments and Mastercard, will mainly be consolidated into the Financial…

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