Magnetic ink character recognition and Payment Systems Regulator: Difference between pages

Revision as of 21:33, 22 April 2023

UK financial regulation.

(PSR).

The Payment Systems Regulator was established in 2015 to regulate payment systems in the UK.

The PSR's objectives include:

Ensuring that payment systems are operated and developed in a way that considers and promotes the interests of all the businesses and consumers that use them.
Promoting effective competition in the markets for payment systems and services.
Promoting development and innovation in payment systems, in particular the infrastructure used to operate payment systems.

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-(MICR).
+''UK financial regulation.''
-Standard used to encode bank/ branch numbers on the bottom of cheques with magnetic ink which is machine readable.
+(PSR).
-This allows cheques to be cleared through automated systems.
+The Payment Systems Regulator was established in 2015 to regulate payment systems in the UK.
+The PSR's objectives include:
+*Ensuring that payment systems are operated and developed in a way that considers and promotes the interests of all the businesses and consumers that use them.
+*Promoting effective competition in the markets for payment systems and services.
+*Promoting development and innovation in payment systems, in particular the infrastructure used to operate payment systems.
 == See also ==
-* [[Optical character recognition]]
+* [[Confirmation of Payee]]
-* [[Transit routing number]]
+* [[Cross-border interchange fee]]
+*[[Financial Conduct Authority]]
+* [[Immediate payments and the impact on corporate treasurers]]
+* [[Infrastructure]]
+* [[New Payments Architecture]] (NPA)
+* [[Pay.UK]]
+* [[Payment service provider]]
+* [[Payment system]]
+* [[PSD2]]
+* [[Request to Pay]]
+==External link==
+*[[https://www.psr.org.uk/about-us/the-psr-purpose/ The UK Payments Systems Regulator - our purpose]]
+[[Category:Accounting,_tax_and_regulation]]
+[[Category:The_business_context]]
+[[Category:Cash_management]]
+[[Category:Financial_products_and_markets]]
+[[Category:Liquidity_management]]
+[[Category:Technology]]