Tag: APP fraud
Industry reactions flood in to potential PSR fraud reimbursement rule changes
Britain’s payments firms are breathing a collective sigh of relief at the news that the Payment Systems Regulator (PSR) might lower the cap on...
PSR confirms consultation on possible £85k APP fraud reimbursement cap
The Payment Systems Regulator (PSR) has clarified the reasoning behind a review of its authorised push payment fraud (APP fraud) reimbursement policy. However, it...
PSR may cut reimbursement rate but scale of APP fraud remains...
The Payments Systems Regulator (PSR) is apparently going to water down its incoming rules around authorised push payment fraud (APP fraud) reimbursement.
APP fraud is...
UK police put an end to Russian Coms’ ‘industrial scale’ fraud...
Britain's National Crime Agency (NCA) has shut a platform allegedly behind tens of millions in losses to fraud victims and has been active for...
Bluechain – Request to Pay – The key to combating APP...
Authorised Push Payment (APP) fraud is quickly becoming one of the most prevalent fraud type attacks in the UK, with new measures from the...
Monzo’s new security features ‘marks progress’ but ‘should not hinder users’
In a bid to protect its users from heightened fraud that is surging in the UK, Monzo announced the launch of three new security...
Labour Party says Big Tech should share fraud reimbursement responsibility
The Labour Party is apparently weighing in on a now long-running and hotly contested debate in the UK payments and finance space, with the...
PSR APP fraud rules may “pile even more pressure” on smaller...
The UK payments industry is pushing back against the Payments Systems Regulator’s (PSR) incoming requirements around authorised push payment (APP) fraud reimbursement.
According to Bloomberg,...
PSR proposes extending APP fraud reimbursement rules to CHAPS
The Payment Systems Regulator (PSR) is considering extending its forthcoming authorised push payment (APP) fraud reimbursement rules to the Clearing House Automated Payment System...
Form3 aims to tackle APP fraud in partnership with Feedzai
Account-to-account payment platform Form3 is partnering with anti-fraud company Feedzai to prevent the spread of authorised push payment (APP) fraud.
The two parties have joined...
