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The regulatory framework governingpayments continues to expand in scope, with increasing implications for merchants operating in the UK and EU. Next steps/action required: Review your PSPs roadmap for supporting FCA-compliant stablecoin payment options. What’s next?
Inform them about the surcharge policy, highlighting the consumerprotection guidelines. Review technical considerations Evaluate your payment service providers, considering your merchant account’s functionality and card transaction volume. Merchants may also face disputes from customers and chargebacks.
Its primary objectives encompass safeguarding consumers, maintaining financial stability, promoting market integrity, preventing fraud and security breaches, and ensuring legal compliance. It oversees compliance with federal banking laws, including those governingpayments.
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