Payments News Update – December 1, 2023
Posted 12/1/23
Legal and Regulatory Developments
SPOTLIGHT: UK Payment Sector Urged to Develop System to Bypass Dominant Card Networks
Financial Times – November 22, 2023 (subscription required)
The UK should develop ways to challenge the dominance of the big card networks and is “at risk of falling behind” other countries unless it builds an alternative to its “clunky” Faster Payment Service, according to a...