Posts Tagged ‘scams’
The 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 MoreBanco Santander, BBVA, CaixaBank form alliance to tackle fraud
The Spanish banking trio have established a new company, FrauDfense, which will open to other banks in the future.
Read MoreInsight: Ensuring good outcomes for vulnerable customers
The Lending Standards Board’s Elizabeth Thompson gives practical guidance to banks and lenders on supporting vulnerable customers.
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 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 MoreNAB to issue payment prompts to tackle rise in scams
Customers of National Australia Bank will see the prompts in the app and on internet banking to encourage them to “pause and review” a payment.
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 MoreInsight: Why there’s a problem with the Reimbursement Code
The fight against APP scams has some way to go, according to the Lending Standards Board’s Emma Lovell, who writes that prevention in an increasingly expansive payments landscape cannot solely lie with banks and lenders.
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