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The industry will have to comply with the Payment Systems Regulator’s new Authorised Push Payment fraud reimbursement requirement from 7 October 2024.
The new solution is the result of a partnership between Trigger Software and cloud banking platform Mambu.
The UK’s Joint Regulatory Oversight Committee called it “encouraging to see momentum on Open Banking being sustained and actions being progressed at pace”.
The UK’s Joint Regulatory Oversight Committee is targeting a Phase 1 rollout of non-sweeping VRPs by the third quarter of 2024.
Botón Bancolombia is now available to cross-border merchants selling to customers in Colombia for the first time.
Google Pay’s US consumers and businesses will be able to choose Affirm’s flexible payment options at checkout.
Xero’s small business customers will have access to expanded bank feeds coverage in North America.
The Open Finance Coalition has set out several challenges and opportunities, including that a lack of data sharing impacts financial outcomes for consumers and SMEs.
Moore, who joins the PSR in January 2024, is currently director of rail strategy and analysis at DfT.
Cecilia Frew, Plaid’s head of Open Finance, said that 84% of consumers believe they are “better off” as a result of being able to manage their financial lives online.
