Tag: UK Finance
UK APP fraud losses drop but risks shift in 2024
Imagine waking up to find your bank account emptied. No hacker had breached your account. You were responsible; tricked into sending money by a fraudster. This...
Treasury told to bolster ‘cash acceptance’ policies for UK communities
The UK’s Treasury may be required to prevent businesses from refusing to accept cash transactions should cash acceptance continue to decline, according to a...
UK Finance’s data shows cards winning tug of war against APMs
The ongoing challenge of promoting alternative payment methods (APMs) has become even more evident with UK Finance’s latest report on card spending.Published earlier today,...
Pay360: The good, the missing, and the payments of FCA’s five-year...
The Financial Conduct Authority (FCA) this week released its five-year strategy to improve its regulatory efficiency and reform some existing policies. With the Payment Systems...
UK Finance supports red tape cuts with calls for more
UK Finance has outlined key reforms in its ‘Plan for Growth’ initiative to help the financial sector continue to play a role in driving...
UK Finance launches ‘Take Five to Stop Fraud’ amid rise in...
UK Finance has launched the ‘Take Five to Stop Fraud’ campaign to warn businesses about a rise in scams around the end of the...
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 Treasury gives banks new fraud prevention powers
Across the British financial services ecosystem there seems to be one word dominating conversations at the moment - fraud. The risks of fraud and...
UK Finance: Regulated Liability Network can drive UK economy forward
The British trade body for financial services, UK Finance, has concluded that a ‘Regulated Liability Network’ (RLN) can provide economic benefits to the UK...
