FCA to Supervise AML for Accountancy Firms – What It Means and How to Prepare
The UK government has confirmed that all accountancy firms currently supervised by PBSs or HMRC will come under FCA AML supervision as part of the new Single Professional Services Supervisor (SPSS) model. This is a major shift. The FCA is not a peer body or...6 Key Strategies to Maximise Your Potential as a Merchant Acquirer
Getting your business to the level of Merchant Acquirer is already a significant achievement, but many businesses stop there when in fact there are so many more opportunities left to take advantage of. Perhaps you started life as an Independent Sales Organisation,...3 Reasons Card Scheme Membership is the Best Thing for Your PayFac Right Now
Being a Payment Facilitator (PayFac) is already a lucrative business model within the payments landscape, but getting your own card scheme membership can have a hugely transformative impact on your operation. Becoming a member of a card scheme such as Visa,...Why Becoming a PayFac Can Take Your ISO to the Next Level (And How to Do It)
If you want to take your Independent Sales Organisation (ISO) to the next level within the payments landscape, then becoming a Payment Facilitator (PayFac) is the way to go – and the best part is, it couldn’t be easier. There are several key strategies you can employ...Be a Better ISO: 4 Strategies to Improve Your Business Model Today
Independent Sales Organisations (ISOs) are thriving in an increasingly digital payment landscape, but as competition for market share intensifies, it’s not enough to just go with the flow. It’s vital to get an edge if you’re looking to maximise growth in this...Card Scheme Principal Membership Requirements ( Visa / Mastercard / China UnionPay )
Principal Card Scheme memberships with providers like Visa, Mastercard and China UnionPay are the best way to take control of your payment service products. But what it takes to get access to these schemes is often seen as a mystery. Unlike most questions, getting a...
New APP Fraud Rules: How Fintechs and PSPs Can Comply and Mitigate Risk Ahead of Seismic Changes
On 7 October 2024, the UK’s financial landscape will undergo a seismic shift with the introduction of the Authorised Push Payment (APP) fraud reimbursement rules.These new regulations, led by the Payment Systems Regulator (PSR), will impose mandatory reimbursement...FCA’s Proposed Changes to Safeguarding: What Payments and E-Money Firms Need to Know in 2025
In response to growing concerns about safeguarding practices in the payments and e-money sector, the Financial Conduct Authority (FCA) has published a detailed consultation paper (CP24/20), proposing significant changes aimed at enhancing consumer protection, raising...