Posts Tagged ‘APP scams’
APP scam losses predicted to top $7bn by 2028 in major markets
The latest ScamScope report published by ACI Worldwide in partnership with GlobalData is focused on six real-time payments markets, including the UK and Brazil.
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 MoreNew draft legislation aims to tackle APP fraud
The UK Government will give UK banks the option to delay payments by up to four business days should they suspect fraudulent activity.
Read MoreRevolut introduces AI-powered card scam detection feature
Revolut’s new AI scam feature effectively “interrupts” scammers and prevents customers from falling victim to such schemes.
Read MoreVisa: New research casts light on scale of unreported APP scams
Research by Visa revealed that some self-identified victims do not report the scam to their bank.
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 MoreTide calls for UK anti-fraud tax to fund fight against scammers
The fintech platform has proposed that the tax would apply to PSPs, as well as social media and telecoms companies.
Read MoreLending Standards Board strengthens CRM Code to tackle APP scams
Updates to the UK-based Code require signatories to “go further” in identifying new and existing accounts “at higher risk” of criminal activity.
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