Payments - The Perimeter Report

Payments

Bank of England proposes 2026/27 fees for recognised payment systems, with cap rise still in Parliament's hands

Operators of recognised payment systems must respond by 22 October 2026. What you are invoiced in Q4 depends on whether Parliament approves a new fee cap before then.

Payments

PPS Money enters liquidation: what its agent network must do now

Premier Payment Solutions has collapsed with no FSCS cover and no safeguarding for customers. Agents face an unresolved authorisation question.

Payments

HM Treasury consults on extending Bank of England fee regime to digital settlement asset providers

Responses close 31 August 2026. In scope: recognised payment systems, specified service providers, and digital settlement asset (DSA) service providers. Everyone else can move on.

Payments

FCA publishes KPMG assessment of future open banking standards body and calls on industry to move promptly on next steps

The FCA has released an independent KPMG report on proposals to establish a permanent open banking standards-setting body, telling industry it expects prompt decisions on next steps. A second KPMG report on operationalisation follows in the coming weeks.