Posts Tagged ‘Authorised Push Payment’
Total 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 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.
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 MoreCollaboration key to combat rising threat of APP scams
Prevention, detection, intervention, and education essential if industry is to extinguish criminal activity across Open Finance.
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