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Top News In கட்டணம் அமைப்புகள் சீராக்கி Today - Breaking & Trending Today

PFS hit with €1m fine for role in 'payments cartel' | Ireland

PFS hit with €1m fine for role in 'payments cartel' | Ireland
thetimes.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thetimes.co.uk Daily Mail and Mail on Sunday newspapers.

United Kingdom , Valerie Moran , Prepaid Financial Services , Payment Systems Regulator , ஒன்றுபட்டது கிஂக்டம் , வலேரி மோரன் , ப்ரீபேட் நிதி சேவைகள் , கட்டணம் அமைப்புகள் சீராக்கி ,

LocalGov.co.uk - Your authority on UK local government - Pre-paid card firms supplying councils acted 'as a cartel', regulator says

Pre-paid card firms supplying councils acted ‘as a cartel’, regulator says
Three out of five firms that issue councils with pre-paid cards have admitted to breaching competition rules and agreed to pay maximum penalties totalling over £32m.
The Payment Systems Regulator (PSR) has alleged that Mastercard, allpay, APS, PFS and Sulion engaged in anti-competitive behaviour by agreeing not to poach each other’s clients.
The case relates to pre-paid cards that are used by local authorities to distribute welfare payments to vulnerable members of society.
The regulator alleges that there were two infringements of the Competition Act 1998 that took the form of market sharing or customer allocation. One lasted between 2012 and 2018 and involved all five parties and the other was between 2014 and 2016 and involved APS and PFS. ....

Chris Hemsley , Payment Systems Regulator , Competition Act , கிறிஸ் ஹெம்ஸ்லி , கட்டணம் அமைப்புகள் சீராக்கி , போட்டி நாடகம் ,

Cartel claim puts Mastercard in line for fine from regulator

Cartel claim puts Mastercard in line for fine from regulator
thetimes.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thetimes.co.uk Daily Mail and Mail on Sunday newspapers.

United States , United Kingdom , Prepaid Financial Services , Payment Systems Regulator , ஒன்றுபட்டது மாநிலங்களில் , ஒன்றுபட்டது கிஂக்டம் , ப்ரீபேட் நிதி சேவைகள் , கட்டணம் அமைப்புகள் சீராக்கி ,

Payment Systems Regulator in the UK Provisionally Finds Five Service Providers Violated the Law by Engaging in "Cartel Behavior" in the Pre-Paid Cards Sector

PFS and
Sulion took part in “anti-competitive” behavior by “agreeing not to compete or poach each other’s clients.”
As mentioned in the announcement, the case deals with pre-paid cards that are regularly used by local authorities to hand out welfare payments to “vulnerable members” of society, including the homeless, victims of domestic violence, and asylum seekers.
In its Statement of Objections, sent to the five different parties on March 31, 2021, the Payment Systems Regulator has alleged that there had been 2 infringements of the Competition Act 1998 that “took the form of market sharing/customer allocation”:
One “lasting six years (between 2012 and 2018) and involving all five parties.” ....

United Kingdom , Chris Hemsley , National Prepaid Cards Network , Network Pms , Payments Systems Regulator , Payment Systems Regulator , Competition Act , ஒன்றுபட்டது கிஂக்டம் , கிறிஸ் ஹெம்ஸ்லி , தேசிய ப்ரீபேட் அட்டைகள் வலைப்பின்னல் , வலைப்பின்னல் ப்ம்ஸ் , கொடுப்பனவுகள் அமைப்புகள் சீராக்கி , கட்டணம் அமைப்புகள் சீராக்கி , போட்டி நாடகம் ,

Yellen takes charge of FSOC; Wells Fargo workers to return after Labor Day

Yellen takes charge of FSOC; Wells Fargo workers to return after Labor Day
americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.

New York , United States , Janet Yellen , Scott Powell , Brett Redfearn , Jay Clayton , Charles Scharf , Morgan Stanley , Financial Stability Oversight Council , Credit Suisse , Goldman Sachs , Financial Conduct Authority , Exchange Commission , New York Times , Uk Financial Conduct Authority , Education Department , Wells Fargo , Receiving Wide Coverage , Labor Day , Wall Street Journal , Archegos Capital Management , Federal Family Education Loan , Secretary Janet Yellen , One River Asset Management , Bill Hwang , Wall Street ,