HMT, FCA, BoE and PSR issue additional guidance on the UK’s future retail payments infrastructure, providing new detail on consumer protection, fraud prevention and FC safeguards

The Payment Vision Delivery Committee (PVDC), comprising HM Treasury, the Bank of England, the FCA and the PSR, has issued new supporting context to the RPIB consultation on the future retail payments infrastructure, providing fresh detail on the proposed commercial model and reinforcing how the next-generation system will strengthen consumer protection and financial crime safeguards under the UK’s National Payments Vision…