Payment Systems Regulator
Richard Martin is a seasoned professional with extensive experience in the financial services sector, currently serving as a Senior Policy Associate at the Payment Systems Regulator since April 2022. Prior to this role, Richard held various senior positions at Barclays, including VP of Data Insights, where management of the Spend Signals platform was key in providing economic and market trend insights utilizing transaction data. Tenure at Visa Europe included roles as Head of Authentication Development and Senior Manager of Payment System Security. Richard also contributed to UK Payments as Head of Innovation and began a career in market analysis at Royal Mail. Richard is an alumnus of Lancaster University.
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Payment Systems Regulator
The Payment Systems Regulator (PSR) is the UK's economic regulator of payment systems. We are here to make payment systems work well for those that use them. Our vision is for payment systems that are accessible, reliable, secure and value for money. We are an independent subsidiary of the Financial Conduct Authority with our own statutory objectives and governance, Managing Director and Board. We were incorporated in April 2014 and became fully operational in April 2015. Payment systems form a vital part of the UK’s financial system. They underpin the services that enable funds to be transferred between people and institutions – from large transfers between firms to a contactless payment for your morning coffee. These payment systems process some 40 billion transactions a year, worth around £92 trillion. We have three statutory objectives: to promote competition; to promote innovation; and to ensure that payment systems are operated and developed in the interests of service-users. Our aim is to ensure payment systems and the regulatory framework operate in the best interests of service-users and the wider UK economy − promoting rather than constraining innovation and competition. Take a look at our latest vacancies: https://www.psr.org.uk/about-us/jobs-at-the-psr/