Tag: APP fraud
ACI Worldwide and Banfico to streamline CoP compliance
ACI Worldwide has extended its fintech partnership with Banfico to ensure that payment service providers (PSPs) across the UK and Europe are compliant with...
RedCompass Labs: AI, Fraud, Instant Payments – 2025 predictions
RedCompass Labs has been one of the many companies operating in the financial field leading the charge to uncover new payment possibilities when it...
PSR reports increased vigilance but distrust of social media among APP...
Faith in social media has taken a hit due to fraudulent activity committed via the platforms, according to the Payment Systems Regulator (PSR).The PSR...
The sky didn’t fall but are we on the right track?...
It's still too early to tell, but payments firms are not reporting record losses and staff are not fleeing London’s banks in terror. At...
ICO urges ‘responsible and effective data sharing’ to fight fraud
The Information Commission Officers (ICO) has become the latest UK regulator to weigh in on the extent of fraudulent activity in the country and...
‘This isn’t a fight we will win alone’ – Britain loses...
A total of £571.7m was stolen by fraudsters in the UK in H1 2024, according to data released by the country’s trade body, UK...
UK’s APP fraud rules – misguided or a step in the...
British financial services will face a major new regulatory requirement to adhere to from next week, the authorised push payment (APP) fraud reimbursement rule.Introduced...
PSR drops APP fraud reimbursement cap to £85,000
The Payments Systems Regulator (PSR) has confirmed that the cap on authorised push payment (APP) fraud reimbursement will stand at £85,000.The regulation is set...
Chargebacks911: Why AI is the hero and the enemy when it...
You should all know by now the extent of people’s mutual interest and trepidation when it pertains to artificial intelligence (AI), but matching fears...
Payments Association says £85k fraud reimbursement limit still too high
The UK payments industry is outlining its thoughts on incoming rules on fraud reimbursement, which the Payment Systems Regulator (PSR) is considering changes to.Due...
