Central Banking

UK payments regulator evaluates efforts to improve access

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The PSR is looking to make UK payments "fair, open and transparent"

The UK's Payment Systems Regulator (PSR) declared some initial success in its efforts to create "fair, open and transparent" access to payment systems on August 3.

One of the first actions the PSR took since assuming control of payments regulation in April this year was to direct payment systems and the banks that sponsor indirect access to be clearer about the requirements for access.

The PSR's "access rule" requires payments operators to publish "fair, open and risk-based criteria" for access,

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