Posts Tagged ‘APP fraud’
Feature: How will Open Banking shape up in UK and Europe in 2024?
Brite Payments, NatWest, Token.io and Finastra consider the outlook for Open Banking in the UK and Europe, with VRP, PSD3 and fraud prevention top of mind.
Read MorePSR’s new APP fraud reimbursement requirement puts UK ‘at the forefront’
The industry will have to comply with the Payment Systems Regulator’s new Authorised Push Payment fraud reimbursement requirement from 7 October 2024.
Read MoreInsight: What is Confirmation of Payee and how can it stop APP fraud?
Dima Kats, chief executive officer of Clear Junction, writes about the need to tackle APP fraud and why Confirmation of Payee is the answer.
Read MoreClear Junction launches Confirmation of Payee service
The new CoP service from Clear Junction will help tackle growing cases of APP fraud.
Read MorePSR reveals the UK banks enabling the most APP fraud
For the first time, the Payment Systems Regulator has published data showing, at an individual level, how well banks and payment firms are dealing with APP fraud.
Read MoreThe Payments Association issues manifesto to maintain UK as ‘leader’
The manifesto sets out three pledges, including tackling fraud and scams, encouraging A2A payments in the UK, and an “innovative approach” to regulation and standards.
Read MoreAPP fraud victims to be reimbursed under new rules set out by PSR
The changes put the UK at the forefront of the fight against APP fraud globally, according to Chris Hemsley, managing director at the PSR.
Read MoreTotal UK fraud losses declined in 2022 but ‘risks remain elevated’
Official data from UK Finance revealed that more than £1.2bn was stolen through fraud, while 78% of APP fraud starts online.
Read MoreBottomline unveils Confirmation of Payee tool for businesses
The new solution aims to help corporate fraud teams defend their companies from APP fraud, which is on the rise.
Read MoreBNPL provider Pay with Suave teams up with iDenfy
The partnership will help Pay with Suave reduce fraudulent transactions, using iDenfy’s ID verification solution.
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