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Payment System Access
UK Regulators Talk Tough On De-Risking
20th Sep 2017 | Written by:
UK regulators have vowed to name and shame banks that unfairly refuse to provide account services to payment firms, and could even impose financial penalties on offenders.
Faster Payments A New Found Land For Canada
11th Sep 2017 | Written by:
Payments Canada is anticipating that the country will have a real-time payments system as soon as 2019, as the body pushes ahead with plans for development and implementation.
In Depth: Payment Firms Fight For Survival As De-Risking Bites
21st Aug 2017 | Written by:
UK payment providers are fighting for survival as high street banks continue to block their access to the financial system, with incoming regulatory reforms offering scant comfort in the short term.
PSR Tells Industry To Brace For Non-Bank Central Bank Settlement
10th Mar 2017 | Written by:
The Payment Systems Regulator (PSR) has told the financial sector to ready itself for applications from non-banks planning to open settlement accounts with the Bank of England.
PSR Hails New Bank Launch As Indirect Access Opportunity
2nd Mar 2017 | Written by:
The Payment Systems Regulator (PSR) has hailed the launch of a new UK clearing bank as a potential leap forward for payment providers struggling to gain indirect access to the country’s fund...
Regulator To Investigate Access Termination After Industry Complaint
21st Feb 2017 | Written by:
A UK payment service provider threatened with losing its access to the country’s payment systems has formally requested regulatory intervention, the first application of its kind.
Lithuania Touts ‘Specialised Bank’ Regime As E-Money Firms Line Up
23rd Nov 2016 | Written by:
Lithuanian industry insiders hope an incoming regulatory framework for “specialised banks” will help e-money institutions gain a foothold in a bank-dominated payments market.
Weekly News In Brief: November 11, 2016
11th Nov 2016 | Written by:
Trump's team announces dismantling of Dodd-Frank Act as FinCEN issues final rule on North Korea; Facebook gains e-money licence in Ireland; the PSR extends its industry probe on payment system...
Weekly News In Brief: August 12, 2016
12th Aug 2016 | Written by:
Faster Payments confirms link-up with Raphaels Bank; a Russian gang of cybercriminals appears to have broken into Oracle payment systems; the Philippines central bank fines Rizal Bank for its part...
Israel Vows To Loosen Banks’ Control Of Payment Systems
3rd Aug 2016 | Written by:
Israel’s top financial regulator has said legal and technical hurdles should be removed to allow non-bank providers access to the country’s bank-controlled payment systems.
Parliament Probes Payment System Access For 1.5m Unbanked
1st Aug 2016 | Written by:
Lawmakers in the UK will examine whether financial sector regulation could be amended to ease access to payment systems and bring the country’s 1.5m unbanked adults into the formal financial system.
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