Tag: Authorised Push Payment (APP)
PSR following 2024 reimbursement rules with Pay.UK-focused consultation
The Payment Systems Regulator (PSR) is planning an eight-week consultation on authorised push payment (APP) fraud to build on the introduction of new reimbursement...
PSR updates long-term strategy on Open Banking, fraud, faster payments and...
The UK’s Payment Systems Regulator (PSR) updated its strategic priorities first set out three years ago, announcing new ambitions to fit in with a...
Lynx: The role of banks in combating romance scams
Greg Hancell, Head of Product Fraud at AI-based security firm Lynx, explains why there is an emergence of romance scams plaguing the industry, the...
Form3 selected by Currencycloud to reduce fraud of CoP in UK
In a bid to stir fraud away from the Confirmation of Payee (CoP) process, Currencycloud has chosen Form3 to integrate its account verification technology. Form3’s...
Pockit CEO: Why payments fraud requires a holistic solution
Despite 2024 being the start of a new year, the threat of payment fraud continues to only only survive but thrive, harming consumers and...
Santander UK calls for ‘radical actions’ against APP fraud
In its latest market research on evolving fraud strategies, financial service provider Santander UK has called for immediate nationwide countermeasures against bad actors. The paper...
UK Finance reveals rise of 39% of APP fraud in 2021
Losses in stolen money due to Authorised Push Payments (APP) is up 39% from last year, according to the latest figures released by UK...
LHV UK launches Confirmation of Payee to help tackle APP fraud
LHV UK, a banking service provider, has announced that its Confirmation of Payee (CoP) service is now live for all its direct clients.Launched in...
