The recent decision by the Payment Systems Regulator (PSR) to mandate that banks and payment companies refund victims of ...
The Payments Association has warned that international criminals are making the most of innovations in cross-border payments ...
The bank has analysed cases in which customers had been tricked into transferring money to fraudsters so far this year ...
Under the new rules, banks must reimburse APP fraud victims, unless the customer has been grossly negligent. The new ...
Previously, it was up to banks if they refunded customers who had been scammed, but in a "world first", they must now repay "authorised push payment" fraud victims up to £85,000, said BBC News.
Industry associations the GSMA and UK Finance outlined the ability of an API-delivered platform to battle authorised push ...
This was down 1.5 per cent on the first half of 2023, after a decline in so-called authorised push payment (APP) fraud. However, the industry body highlighted that 72 per cent, of APP scams ...
You can do this by checking the FCA Register. During an authorised push payment (APP) scam, victims are tricked into sending money directly to a criminal. According to UK Finance, which produces ...
Vodafone pilot shows 30% improvement in scam detection through new API system developed with GSMA and UK Finance ...
Geale’s comments come after the regulator last week introduced rules to make payment providers liable for losses to authorised push payment (APP) fraud, where victims are tricked into sending ...
One of the most subtle approaches is what’s known as authorised push payment fraud — where a criminal will trick you into sending money to an account — so we need to know how these scams work and how ...