US giants dominate AI payments race amid Wall Street jitters Tech US giants continue to lead the charge in the payments industry’s AI acceleration even as the sector gets swept up in Wall Street’s tech jitters. Visa led a three-horse race followed by Mastercard, then Paypal in the Evident AI’s inaugural index for the payments sector. The three towered above their peers, thanks largely to consistently [...]
Bank of Ireland’s UK arm hit with £3.8m fine for fraud failures Banking The Bank of Ireland’s UK arm has been slapped with a hefty fine after failing to hit the deadline by over a year to implement an anti-fraud service. The lender was hit with a £3.7m fine from the Payments Systems Regulator (PSR) for missing the deadline by 14 months for a “vital” service that would [...]
Leicester City’s points deduction shows the tail doesn’t always wag the dog Sport Business The Premier League’s victory over Leicester City shows that clubs can’t lose money with impunity, but is it one battle in a much bigger war, writes Aaryaman Banerji. Every ruling tells a story. And so it is that English football has become something of an anthology. This week’s verdict by a three-man independent commission, finding that Leicester City had breached EFL Profit and [...]
Payments watchdog won’t be abolished ‘any earlier than 2027’ February 4, 2026 The boss of the payments watchdog has said he doesn’t expect the regulator to be officially abolished any earlier than the first quarter of 2027 as criticism grows over the slow progress of reforms in the sector. David Geale, managing director at the Payment Systems Regulator (PSR), said he had “not seen the outcome” of [...]
England cricket chiefs refusing to let counties blow Hundred cash on wages January 21, 2026 The England and Wales Cricket Board is at loggerheads with a number of counties who are growing increasingly frustrated at delays in accessing the proceeds from the £520m sale of stakes in the eight Hundred franchises last year. While the ECB have already distributed tens of millions of pounds from the sale to counties with [...]
Premier League clubs to pay levy on overspend after approving new rules November 21, 2025 Big-spending Premier League clubs will pay a levy on any overspend as part of new Squad Cost Ratio (SCR) financial rules voted in for next season. At a shareholders meeting today in London, a vote to introduce SCR in place of the controversial Profitability and Sustainability Regulations (PSR) achieved the required majority. They rejected proposals [...]
Labour’s payments regulation overhaul more ‘reshuffle than reform’ October 28, 2025 The Labour government’s plan for a payments system revolution has fallen flat, a top trade body has warned, despite the Treasury’s promise of an “ambitious rethink” of regulatory structure. Chancellor Rachel Reeves unveiled her National Payments Vision (NPV) in her 2024 Mansion House address where she said the plan would include “decisive action to progress [...]
‘Stick to the rules’: Brighton owner Bloom slams clubs who fail PSR October 14, 2025 Brighton and Hove Albion owner Tony Bloom says he has little sympathy for rival Premier League clubs such as Everton and Nottingham Forest who have been punished for breaching profitability and sustainability rules (PSR). Top-flight teams are set to vote next month on whether to replace PSR with a new system of financial controls based [...]
Premier League still facing legal threat to financial rules despite Man City deal September 10, 2025 The Premier League is still facing another legal challenge to its financial regulations despite settling a long-running dispute with Manchester City over associated party transactions this week. Legal action remains pending from the Professional Footballers’ Association over the Premier League’s plans to introduce new squad cost ratio (SCR) rules next season, which would limit clubs [...]
Why the Football Governance Bill is good news for investors and fans alike July 12, 2025 Two big forces have been reshaping football and the sporting landscape in England: the surge in regulation, and the tidal wave of investment. With the Football Governance Bill soon to enter law, the question remains if, and how well, these two forces can coexist. The stated intentions of the bill are clear enough. Make sure [...]