KEY POINTS -
- Virtual International Bank Account Numbers (vIBANs or virtual IBANs) are identifiers formally linked to a master bank account and informally associated with other accounts or relationships. They are...more
The UK’s Authorised Push Payment (APP) Fraud Reimbursement Scheme came into force on October 7, 2024. It requires in-scope payment service providers (PSPs) sending payments through either the Faster Payment System (FPS) or...more
HM Treasury's recent publication concludes the Government's review of he payments landscape. In it, the Government sets out its vision for the UK payments sector identifying four priority areas and actions for itself,...more