The Payment Services Regulations 2017doi:2017 No. 752
This briefing is the latest in our coverage of Payment Services Regulations, the regulations by which the UK has implemented the EU’s revised Payment Services Directive 2015/2366 commonly known as “PSD2”. We have previously published abriefing on the Payment Services Regulations 2017, which are...
HiFX Europe Limited is authorised by the Financial Conduct Authority under the Payment Services Regulations 2017, registration 462444, for the provision of payment services. HiFX Europe is a limited company registered in England and Wales. Registered number: 3517451. Registered office: Maxis 1, ...
In addition to the PSR’s rule, the Financial Conduct Authority (FCA)recently amended the Payment Services Regulations 2017, enabling payment service providers (PSPs) to delay the execution of outbound payment transactions made through the Faster Payment Service by up to four business days if they...
and relevant laws and regulations. The prepaid card as mentioned in the second measures does not include: (a) prepaid cards limited to social security payments; (two) limited to prepaid cards by means of public transport; (three) prepaid cards which are limited to communication fees such as ...
5. Saudi Arabia: SCB implements new financial regulations On 7 July 2023, Saudi Central Bank issued Implementing Regulations for the Law of Payments and Payment Services. The regulations support the objective of improving the efficiency of the payment systems infrastructure in the Kingdom. The regula...
You must also use the Services in a lawful and proper manner. This means that you must obey all international and domestic laws, rules, and regulations that apply. These may include the requirements of payment systems or other third parties, as well as legislative bodies. In particular, you ...
Changing regulations, outdated technologies and chargeback disputes can add to the rising cost of doing business. By streamlining internal operations, including your online payment system, enterprises can reduce both wasted resources and avoidable expenditures. ...
There areseveral peculiar issuesthat arise before foreigners attempting to breach into the Chinese online market. Among them, a special place belongs to thedocumentation: Chinese payment systems used to only have documentation in Chinese. This includes rules and regulations and all the manuals on usin...
While you have funds in your Square Account (your ‘Balance’), your Balance will be safeguarded in accordance with the Payment Services Regulations 2017. You should note that, unlike a deposit held in a bank account, your Balance is not protected under the Financial Services Compensation Scheme...