Posts Tagged ‘Authorised Push Payment’
NatWest’s head of payments reveals biggest ‘pain point’ for customers
Simon Eacott said that fraud prevention is “an area of focus” for the UK bank.
Read MoreSurePay makes solutions available on Temenos Exchange partner ecosystem
Banks can deploy SurePay solutions, including Confirmation of Payee, on top of their existing Temenos core banking system.
Read MorePayments industry braced for threat of APP fraud
A survey by The Payments Association also revealed that the majority of respondents believe AI will be the key to combatting fraud.
Read MorePay.UK: Confirmation of Payee checks reach ‘milestone’
Since being introduced in the UK in 2020, CoP has been implemented by more than 100 organisations.
Read MoreForm3 unveils new APP fraud prevention solution with Feedzai
Form3’s new ‘APP Fraud Solution’, which is powered by Feedzai’s fraud and financial crime analytics, will be rolled out in the UK.
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 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 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 MoreUK’s Future of Payments Review endorses Open Banking as way to boost competition
Open Banking could provide “a viable digital alternative to the card schemes”, according to the review, and “improve the UK consumer account-to-account payment journey”.
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.
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