News stories featuring HM Treasury:
April 12th, 2017
Visa is to bring all of its contactless transactions online this year across 10 European countries to give consumers “more control over their accounts” following calls from the UK’s Financial Conduct Authority (FCA) for banks to tighten the processes they undergo when a customer reports a stolen contactless card. American Express is also “reviewing options” to ensure those who cancel their cards are protected against contactless fraud.
March 31st, 2017
The UK’s Financial Conduct Authority has set out measures it plans to tighten the processes banks undergo when a customer reports a stolen contactless card, which currently allow — in a “limited set of circumstances” — for a stolen card to be misused by fraudsters “several months after it has been cancelled”.
November 8th, 2010
The UK government has published a consultation document and is requesting feedback from interested parties on planned changes to the way that electronic money is regulated in the UK. The document sets out how the…
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