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What the FCA really wants from e-money and payments institutions » PaymentEye

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"This is because the FCA has categorised [e-money and payment institutions] as having a low potential for negative impact on consumers and markets. They, like most of the firms within the FCA’s remit, are supervised as a sector, or sub-sector (what the FCA terms a ‘portfolio’),"

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There is no excuse for not taking cards

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