PSR heralds priorities for 2024

Chris Helmsley has looked ahead to a busy year ahead for payments. He spoke on:

• implementation of the mandatory APP reimbursement rules which will be a real step-change in the way the industry approaches fraud. Alongside the new legal requirements, PSR will continue to encourage social media and telecoms firms to do more to prevent APP fraud. It is also keen to introduce as much transparency as possible to publish details of scams;
• in open banking, PSR is keen to widen the current scope to include payments, including scaling up the use of VRPs; and
• the National Payments Vision which should ensure payment markets don’t stand still.