News & Analysis as of

Payment Systems Consultation Papers

A&O Shearman

UK PSR consults on remedies following market review of card scheme and processing fees

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The UK Payment Systems Regulator (PSR) has published its consultation CP25/1 on potential remedies to address findings following the PSR's final report (published on 6 March) on its review of card schemes and processing fees....more

Hogan Lovells

Card-acquiring services: PSR’s remedies proposals aim to trigger merchant engagement

Hogan Lovells on

The PSR has published its planned remedies consultation following the final report of its card-acquiring services market review (November 2021). The remedies focus on addressing the root causes of the PSR’s finding that the...more

Hogan Lovells

Payments regulatory news, March 2020

Hogan Lovells on

PSR issues new directions and response to consultation feedback - The Payment Systems Regulator (PSR) has issued new versions of its directions following its consultation in CP19/3. It has also published a document,...more

A&O Shearman

UK Payment Systems Regulator Publishes Policy Statement on Confirmation of Payee Requirements

A&O Shearman on

The U.K. Payment Systems Regulator has published a policy statement setting out its final decision on varying Specific Direction 10, which requires payment service providers to implement the Confirmation of Payee system by...more

A&O Shearman

UK Payment Systems Regulator Consults on Competition and Innovation Issues in the New Payments Architecture

A&O Shearman on

The U.K. Payment Systems Regulator has published a Call for Input on competition and innovation in the U.K.'s New Payments Architecture. Feedback can be provided to the PSR until March 24, 2020. The PSR confirms that it will...more

A&O Shearman

UK Proposals for Confirmation of Payee Exemptions

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The U.K. Payment Systems Regulator has opened a consultation on proposals to vary its Specific Direction 10 on Confirmation of Payee. Confirmation of Payee is a system that ensures that certain identifiers (including name,...more

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