New Zealand Banks To Launch ‘Confirmation of Payee’ Service By November
New Zealand’s retail banks will begin rolling out the new “Confirmation of Payee” service by …
Daily Dash: FCA Fines TSB £10.9m For Customer Treatment Failings
The FCA announced that TSB Bank will pay a high price for mishandling customers in …
Regulatory Influencer: Comparing the FCA’s Dear CEO Letters on APP Fraud Reimbursement – Payments and E-Money Institutions and Banks and Building Societies
The FCA has issued two Dear CEO letters on Authorised Push Payment (APP) fraud reimbursement …
Verification Of Payee Becoming Certified Problem For EU PSPs
Verification of Payee (VoP) rules go live in the EU one year from now, and …
FCA Sets New Expectations On APP Fraud Reimbursement
The UK Financial Conduct Authority (FCA) has circulated a Dear CEO letter outlining what it …
Kuwait Prepares To Lock Out Bank Customers Who Do Not Use Fingerprint ID
A new directive from Kuwait’s Ministry of Interior requires banks to freeze the accounts of …
Concerns Remain As £85,000 UK Reimbursement Cap Takes Effect
Despite a last-minute reduction in the cap, UK payment service providers are worried that the …
Meta-Bank Data Sharing Partnership A First Step, But More Work Necessary
Meta’s announcement last week that it is partnering with Metro Bank and NatWest has been …
Regulatory Influencer: New UK Crypto Advertising Rule Mandates Focus on Investor Audiences
The UK’s Broadcast Committee of Advertising Practice (BCAP) has introduced a new rule on restricting the …