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744 Payments firms must implement stronger customer safeguards, regulator says

UK Tech News
Oscar Hornstein @ UK Tech News · 08/07/2025 04:41 EDT

Payments firms must implement stronger customer safeguards, regulator says

Payments firms will be required to improve safeguarding practices to protect customer money, following new rules from the UK financial regulator. From May 2026, payments businesses will be required to keep customer money separate from the company’s own funds to ensure that it will be available to be returned in the event the firm goes ...

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