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The UK government is abolishing the Payment Systems Regulator as part of its attempts to cut “unnecessary regulation” and stoke economic growth. The work of the PSR, such as payment fraud and ...

The BBC understands that the banks were affected by issues to Faster Payments, a system that operates "under the bonnet" of the UK financial system. It aims to make sure real-time payments between ...

The UK’s payment systems watchdog is set to be scrapped in the Government’s latest move to cut red tape as the Chancellor pledged to end the “stranglehold” on British businesses.

"This is the perfect opportunity to explore whether we can improve and increase trust in the UK’s payments system. Article continues below "We’ve worked fast to progress this work which is one ...