Frisk Online Press Room | IMMEDIATE RELEASEContact: Seona DevaneyCompany: Frisk On...
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Press Release FSA

Press Release for Frisk Online Limited. Work with PaySwyft to register as
Published on: Mar 4, 2016
Published in: Business      Economy & Finance      

Transcripts - Press Release FSA

  • 1. Frisk Online Press Room | IMMEDIATE RELEASEContact: Seona DevaneyCompany: Frisk Online LimitedTel: 0800 7566377Email: The fraud and risk regulatory consulting and training expertsSubject: Frisk Online work with PaySwyft to secure FSA approval for a SmallPayment Institution licence20th January 2011. Farnham, Surrey.Frisk Online Limited is a private regulatory consultancy and training provider specialising in thearea of fraud and risk, working in the remote gaming, epayments and e-commerce sectors. FriskOnline was founded in March 2008 by Seona Devaney (Director).In 2010 Frisk Online supported Flycke UK Ltd (trading as PaySwft) by providing consultancy andtraining in the Payment Service Regulations 2009, with the successful outcome of securingPaySwyft a ‘Small Payment Institution’ licence with the FSA.Flycke UK Ltd (trading as PaySwyft) is an Electronic Bill Presentment and Bill Payment service.As from November 2010, PaySwyft is now fully regulated by the Financial Services Authority(FSA) as a Small Payment Institution. This means that Payswyft is expected to adhere to anumber of standards that are stipulated by the FSA. This includes being governed by principlesand requirements for transparency and disclosure; adhering to the FSA’s guidelines foroperations and security such as integrating identity verification, KYC (Know Your Customer)and anti-fraud systems and controls.Asked to comment, CFO Faruq Ismail said “This is a key step in PaySwyft’s journey and gives usfurther credibility with our merchants and customers. In order to deliver on our obligations,PaySwyft uses industry-leading on-line security technology. Our operational design gives bothmerchants and consumers the highest level of safety and privacy-a fact that the FSA nowofficially recognises.”About Frisk Online:Please visit our site for more information on our consultancy and training services: further information about Frisk Online please contact Seona Devaney.

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