New Payment Services Regulations
As one of the UK's largest providers of foreign exchange services we know how important it is for clients to receive clear, straightforward information. As a result, we want to keep you up-to-date with a few changes we're making to our Terms and Conditions.
As of 1st November 2009 a new Payment Services Regulation (PSR) comes into effect. PSR introduces a new authorisation and regulatory framework by the Financial Services Authority (FSA) for non banking payment service providers such as HiFX.
From 1st November 2009, these businesses will be known as authorised Payment Institutions (authorised PIs). PSR will also establish what information payment service users must receive and specific rules on the respective rights and obligations of payment service users and providers.
In line with these changes, our new Terms and Conditions which come into effect on 1st November 2009 have been created to provide customers with greater transparency of information when making payments with HiFX.
Compliance with these new regulations will further enhance the high levels of service already provided by HiFX. As a valued client, you won't notice any difference when undertaking a transaction with us, as we've been working very hard to ensure that we already meet or exceed these new standards.
To view our new Terms and Conditions please click here.
To view our Privacy Policy please click here.
To view how we use your data click here.
To view our Complaints Charter click here.
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If you have any questions regarding the above documents please email service@hifx.co.uk.