PSR issues calls for views on plans to bolster protections in payments

Regulatory Updates | 11/02/21

The Payment Systems Regulator has issued two calls for views exploring greater protections for everyone using payment systems: one relating to the protections against Authorised Push Payment (APP) scams, and the other looking more broadly at consumer protection in interbank payments.

The PSR is also looking at the levels of protection available to consumers when they make payments from their bank account directly to another bank account, known as an interbank payment method. The PSR is keen to understand whether the protections currently in place are sufficient. Both calls for views close on 8 April 2021.