As you may be aware, the Payment Services Regulations 2017 will enter into force on 13th January 2018 and the Financial Conduct Authority (FCA) has revised its approach to the implementation of the 2017 Regulations. They have clarified the application of the Electronic Communications Exclusion, which sets out the circumstances in which third party payments made via a mobile device are excluded.
Under the 2017 Regulations the Exclusion only applies:
• To the purchase of digital content and voice based services (such as music and other digital downloads and premium rate services) regardless of the device used for the purchase or consumption of the digital content; and
• To donations to charity (for example via SMS) or for the purchase of tickets
In all cases, we will now be under a regulatory obligation to apply a restriction to the amount mobile users are able to spend on third party digital content and premium rate calls and messages. These limits are as follows:
• A limit of £40 per single payment transaction and;
• A cumulative limit of £240 for payment transactions made over the course of a billing month
As above, these limits will be in place from 13th January 2018. Please contact your account manager if you have any questions regarding this.
Thank you,
Fonix Operations
Posted Jan 02, 2018 - 14:57 GMT
This scheduled maintenance affected: SMS Gateway, Premium SMS Gateway, Direct Billing, Voice Shortcodes and Mobile Operator Connections (O2-UK, Three-UK, EE-UK (T-Mobile & Virgin), EE-UK (Orange), Vodafone-UK).