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Reflecting on 2024: A transformative year in payments regulation

The Payments Association

As part of this, PSPs are required to offer services that verify the payee’s identity before executing a credit transfer. For instance, some platforms delisted certain stablecoins that did not comply with the new regulations, ensuring adherence to the EU’s legal framework.

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APP fraud: Mid-year review

The Payments Association

An independent review of the policy’s effectiveness is scheduled for October 2025, which will critically assess its impact, including the liability cap, success in reducing fraud, impact on competition, and operational shortcomings. Reimbursement cap : The current £85,000 per-claim limit was introduced shortly before implementation.

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European Central Bank sets out business model for digital euro

NFCW

TRANSACTION FEE: A step-by-step overview of the digital euro compensation model Payment service providers will be able to charge merchants a fee for enabling them to accept digital euro transactions, the European Central Bank (ECB) has revealed, but a cap will be placed on the amount that it will be possible for them to charge.