Posts Tagged ‘APP fraud’
PSR considers lower APP fraud reimbursement cap of £85,000
The new cap, if confirmed, will still see more than 99% of claims, by volume, covered.
Read MorePSR reveals increase in APP fraud reimbursement in 2023
The Payment Systems Regulator found that reimbursement largely depends on which bank victims are a customer of.
Read MoreThe Payments Association: Scale of APP fraud ‘most worrying’
The Payments Association has published the findings of its financial crime survey and called for changes to the PSR’s APP fraud reimbursement scheme.
Read MoreInsight: Safeguarding payments – lessons learned from Confirmation of Payee
How effective is Confirmation of Payee at tackling APP fraud and how does it work alongside other fraud prevention solutions?
Read MoreCFIT launches second industry coalition
The new coalition will focus on tackling economic crime to “make financial services safer”.
Read MoreInsight: Confirmation of Payee – a crucial tool in combating APP fraud in the UK
Bottomline’s Mark Bish and Erez Nounou assess the benefits and limitations of Confirmation of Payee.
Read MorePSR announces departure of MD Chris Hemsley
Hemsley, who has led the PSR for five years, has a new role lined up.
Read MoreResearch paper: ‘I am you. Are you ‘you’?’ – combating financial crime in the age of generative AI
Ashima Chopra, chief executive officer and co-founder of Datambit, writes about the threat from generative AI and why its dynamism proves such a challenge to regulators.
Read MoreInsight: Enhancing fraud prevention strategies – the value of integrated solutions
Why transaction monitoring and behavioural analytics emerge as essentials in the fight against fraud.
Read MoreAmount stolen through fraud falls in 2023 as banks’ prevention efforts pay off
Ben Donaldson, managing director of economic crime at UK Finance, revealed “concerns” about the new reimbursement rules coming in later this year.
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