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The Eurosystem has finalised its exploratory work on introducing a Verification of Payee (VoP) service, a significant step in enhancing security across the Single Euro Payments Area (SEPA). Eurosystem rolls out Verification of Payee This initiative, leveraging existing solutions developed by Banco de Portugal and Latvijas Banka, aims to support payment service providers (PSPs) in […]

A new report from BPC reviews the market dynamics and trends in consumer payments that are leading to wholesale changes in how the acquiring business operates. Next-generation acquiring By examining what’s driving change – from regulation and the huge increase in merchants accepting electronic payments through to growing diversity in consumer payment options – the new

The race among major financial institutions and fintech firms to establish their own stablecoins is accelerating, as the global payments industry anticipates a shift driven by digital currencies. Banks and fintechs race to enter stablecoin market This rapid expansion reflects a growing regulatory acceptance of stablecoins, contrasting sharply with the scepticism that initially greeted Meta’s

Barclays is approaching the finalisation of a £650 million transaction with Brookfield Asset Management, marking a pivotal restructuring of its merchant acquiring operations. Barclays advances £650m strategic divestiture The agreement, which Barclays has found difficult to make, is expected to be formally disclosed later this month and represents a phased divestiture strategy designed to transition

Revolut and Visa have initiated judicial proceedings against the UK’s Payment Systems Regulator (PSR), asserting that the regulator has exceeded its statutory mandate with a proposed cap on interchange fees for international digital transactions. Challenge against UK interchange fees cap This litigation adds to the growing scrutiny of the PSR as policymakers evaluate the country’s

The accelerating convergence of advanced synthetic media tools, widespread crime-as-a-service (CaaS) platforms, and increasingly sophisticated fraud tactics has pushed ID verification systems to a breaking point. CaaS networks drive surge in ID verification attacks This stark reality forms the core message of iProov’s newly released Threat Intelligence Report 2025, which tracks and analyses global attack

As the UK’s payments sector nears the final transition deadline for Policy Statement 21/3 (PS21/3), merchants need to grasp the regulatory and operational shifts it brings. PS21/3: Key considerations for merchants Issued by the Financial Conduct Authority (FCA), PS21/3 introduces enhanced safeguarding and prudential risk management requirements for payment service providers (PSPs) and electronic money

The Payment Systems Regulator (PSR) has delivered a stark verdict on the state of the UK’s card scheme and processing fees market, highlighting substantial fee increases imposed by Mastercard and Visa alongside weak competitive pressures. PSR takes aim at rising card scheme fees In its final report, the PSR reveals that since 2017, Mastercard and

The Consumer Financial Protection Bureau (CFPB) has formally withdrawn its lawsuit against JPMorgan Chase, Bank of America, Wells Fargo and Early Warning Services (EWS), the entity responsible for operating the Zelle payments network. CFPB abandons litigation in Zelle fraud This strategic legal retreat, documented in a federal court filing on Tuesday, underscores a paradigm shift

A new era of payment processing is on its way, driven by a new generation of technology-first payment processors that are reimagining financial infrastructure from the ground up. A new era of payment processing These next-gen providers are not just layering new solutions onto existing legacy systems but are completely rewriting the banking stack, enabling