PYMNTS

OCTOBER 12, 2020

There is no dearth of faster payments initiatives — and no certainty that there will be one faster payments scheme to rule them all. And then, what would be some of the consumer protections that would come along with that? How does one then turn that into cash?

Instant Payments 97

Instant Payments FedNow Fed Interoperability 97

Neopay

SEPTEMBER 11, 2024

The decision to align with the FSCS limit ensures consistency in consumer protection standards, making it a familiar and well-understood safeguard for victims. This adjustment aims to provide robust consumer protection while continuing to incentivise financial firms to enhance fraud prevention mechanisms.

Caps 52

Caps Consulting Scams Fraud Prevention 52

PYMNTS

NOVEMBER 9, 2018

Faster Payments/Faster Fraud in the UK? As the United Kingdom moves to embrace faster payments, notes securityboulevard.com, transactions are irrevocable and so new fraud schemes may be on the rise.

APACS 60

APACS Law Enforcement Irrevocability Credit Cards 60

The Fintech Times

SEPTEMBER 5, 2024

Digital payments giant Visa is set to debut ‘Visa A2A’ in the UK early next year, offering consumers an enhanced digital user experience, advanced security features, and an easy-to-use dispute resolution service that represents a significant upgrade to the existing pay-by-bank experience.

Disputes 59

Disputes Payments Near Real-Time Faster Payments 59

PYMNTS

DECEMBER 31, 2020

There are a number of things that intersect here: data, privacy, consumer protection. But as McCarthy noted, the danger is that regulators will pick “knee-jerk solutions” that are unmoored from any actual notion of consumer protection. Faster payment schemes also number more than 50 and counting.

Innovation 115

Innovation Payments Shutdown On-Demand 115

PYMNTS

JULY 12, 2017

Looking forward, the PSR said it has identified “three key areas” in payments to focus on in the year moving forward, including consumer protection issues, the ways in which payments data are used and competitive dynamics, with an eye on PSD2 and other EU-related initiatives.

Regulations 40

Regulations Faster Payments Consumer Protection Credit Cards 40

Neopay

APRIL 25, 2024

Substantially improving transparency, the PSR will continue to publish fraud statistics, showing people the full extent of how well – or not – payment firms are doing in tackling APP fraud and treating their customers. These will now cover 99% of all Faster Payments transactions, preventing more fraud and misdirected payments.

Push-to-Card 52

Push-to-Card Payee Regulations Blocks 52

EBizCharge

JULY 2, 2024

NFC payments are fast and secure, as they don’t need physical contact. For higher transaction amounts, they typically require a PIN or biometric verification, offering enhanced consumer protection. Mobile wallet payments: Mobile wallets like Apple Pay and Google Wallet are digital versions of physical wallets.

Contactless Payments 52

Contactless Payments Payments Disputes Online and Mobile Banking 52

EBizCharge

MAY 14, 2024

Regulatory compliance Automated billing systems are designed with built-in features and functionalities that ensure compliance with relevant laws, regulations, and industry standards governing billing practices, such as data privacy regulations, tax laws, and consumer protection statutes.

Automation 52

Automation Payment APIs and Integration Best Practices Online and Mobile Banking 52

Clearly Payments

FEBRUARY 8, 2024

It investigates and prosecutes cases involving fraud, money laundering, and other illicit activities that undermine the integrity of payment systems. State Agencies: In addition to federal oversight, individual states have regulatory agencies responsible for overseeing financial institutions and consumer protection within their jurisdictions.

Regulations 105

Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Electronic Funds Transfer (EFT) 105

FICO

MAY 17, 2019

More recently, the race has been to detect fraud in emerging faster payment schemes (real-time payments). Next followed a surge in account takeover and identity theft as data breaches make personally identifying information a commodity on the Dark Web.

FBI 75

FBI Credit Risk Identity Theft Law Enforcement 75

Faster Payments Council

MARCH 30, 2022

The Spring Member Meeting will bring together FPC members for two days filled with presentations on the most pressing issues in faster payments, panel discussions with industry experts, roundtables on timely topics, and engaging networking opportunities. indoor mask mandate is also in effect.

FPC 88

FPC Faster Payments Cross-Border Financial Inclusion 88

PYMNTS

JUNE 8, 2020

For the third component, Mastercard has put together consumer protections and streamlined chargeback dispute processes. There’s a long list of services we now provide our customers to put around core payments capability,” he said. That includes a particular focus on real-time payments and the security concerns surrounding them.

Visa 67

Visa Digital Payments Real Time Payments Push-to-Card 67

The Fintech Times

JANUARY 18, 2025

Better consumer protection, enhanced competition and technological advancements are the focus of new priorities set by the regulatory body overseeing the UK’s payment systems. We look forward to working with other regulators and stakeholders across the payments ecosystem to deliver this updated strategy.

Consumer Protection 59

Consumer Protection Payments Push-to-Card Regulations 59

The Payments Association

MAY 20, 2025

This regulatory requirement is intended to ensure oversight of the stability of stablecoins and to enhance consumer protection at the point of issuance. No payment-specific regulation (yet) The government has opted not to amend the Payment Services Regulations (PSRs) for now.

Stablecoins 88

Stablecoins Cross-Border Issuers Regulations 88

Finovate

JANUARY 24, 2025

Ordo was founded by former members of the UK Faster Payments scheme in 2014, becoming an FCA authorized open banking payments provider. The company’s payments and data services include variable recurring payments as well as pay-by-bank tools. Acquiring Ordo positions Neonomics to benefit from these changes.

Acquirers 52

Acquirers Authorization Agreements Regulations 52