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News

03 April 2013

Payment Systems to be Regulated in UK

The Financial Times is reporting that payment systems in the UK are going to be regulated "much like a utility".

Tuesday’s announcement of a consultation on the issue makes clear that the government wants to put the system for retail payments – including bank transfers, cheque clearing and credit card payments – under formal regulation by an existing authority.

The full consultation report, "Opening Up UK Payments", is available for download here.  

http://www.paymentsnews.com/



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