PSR Specific Direction 17 exemption and extension
Confirmation of Payee regulation update: exemption and extension The UK Payment Systems Regulator has issued a Specific Direction (SD17) requiring Payment Service Providers and Building Societies to implement Confirmation of Payee (CoP) by 31 October 2024. The PSR has now created processes to apply for an exemption or extension, although the vast majority of firms […]
SurePay’s partners with OneID
SurePay partners with OneID, digital ID verification. London/Utrecht 28 February – SurePay’s & OneID® alliance aims to fortify businesses with an enhanced layer of protection, bolstering their ability to combat the increasing threat of online fraud. UK Finance reported over 116k incidents of Authorised Push Payment Fraud in the first half of 2023. This is a 22% […]