How safe is your money? A closer look at how non-bank payment service providers protect customers' funds
The Payments Innovation Forum has this week reminded users of non-bank payment services to be clear on how their money is protected, and what happens if their payment service provider goes out of business.
'How safe is your money?' explains how the Financial Services Compensation Scheme and the safeguarding regime protects customers' funds and offers helpful tips on how to find out whether a payment service provider is a bank, or not a bank.