PSR is just a weekend away. That’s why we’re excited to release a special episode of Fusion Fireside. Eward Driehuis welcomes Chris Bone, esteemed expert in fraud, regulations, and the Payment Services Regulator (PSR), to our blog. Chris is a leading authority in the field, with extensive experience at Plenitude Consulting, where he has been instrumental in shaping strategies to combat financial fraud and ensure regulatory compliance.
A Primer on the UK PSR Law
In our latest interview, we deep dive into the intricacies of the UK Payment Services Regulator (PSR) law. This legislation aims to enhance consumer protection and foster innovation in the financial sector.
Chris and Eward will discuss all things PSR, in the relaxed Fusion Fireside Setting it is known for:
- From Novice to Expert: Chris Bone’s Journey in Fraud and Regulations: Discover how Chris became a leading voice in the fight against financial fraud and regulatory challenges.
- Unpacking the New PSR Reimbursement Law: Get a clear overview of the new law’s objectives and how it aims to revolutionize fraud reimbursement.
- Transforming APP Fraud Reimbursement in the UK: Learn how the new legislation is set to change the landscape of Authorized Push Payment (APP) fraud reimbursement.
- Key Requirements for Financial Institutions: What do banks and payment companies need to do to comply with the new regulations? Chris breaks it down.
- The 50:50 Cost Split: A Game Changer? Explore the implications of the cost-sharing model between sending and receiving firms.
- Reimbursement in Five Days: Feasible or Fantasy? Chris discusses the challenges and realities of meeting the five-day reimbursement mandate.
- Impact of the Reimbursement Cap: How will this cap affect consumers and financial institutions? Chris provides his insights.
- Future Consultations on Claim Excess and Reimbursement Levels: What could be the consequences of the upcoming consultations? Stay tuned for Chris’s expert opinion.
- Enhancing Fraud Prevention Measures: Practical tips from Chris on how fraud prevention practitioners can implement additional protections.
- Shaping the Culture of Fraud Prevention: Discover how the new rules might influence the overall culture within the payments industry.
- Long-Term Effects on the UK’s Global Position: Chris shares his thoughts on the long-term impact of the new law on the UK’s stance in the global fight against APP fraud.
- Global Takeaways for International Practitioners: What can international fraud prevention experts learn from the UK’s approach? Chris offers valuable takeaways.
Stay tuned for the full interview with Chris Bone, where we dive deep into these topics and more. Whether you’re a financial professional or just curious about the latest in fraud prevention, this is one conversation you won’t want to miss!
