In the fight against the growing problem of financial scams, global analytics software leader FICO has collaborated with ...

Iain Swaine explains how PSD3 needs to do more to clarify the differences between unauthorised and authorised frauds ...

In the fight against the growing problem of financial scams, global analytics software leader FICO has collaborated with Jersey Telecom (JT) to develop a powerful solution that enables direct, near ...

Dan Wyatt, Partner at RPC, shares his thoughts on the unexpected consultation by the UK Payment Systems Regulator on whether ...

The couple paid what they thought was a legitimate CIL charge to Malvern Hills District Council but fell victim to a £6,126, Authorised ...

In the fight against the growing problem of financial scams, global analytics software leader FICO has collaborated with ...

Authorised push payment (APP) fraud occurs when somebody is tricked into making a payment to a bank account controlled by a ...

"Having previously ruled out a lower threshold because there would be 'significant harm to victims', the PSR has caved in to pressure from payment firms and ministers and dropped the crucial principle ...

Read Less Authorised Push Payment (APP) fraud is the most common type of financial scam in the UK, costing the economy roughly £459.7 million in 2023 alone. It works simply by tricking ...

New rules that drastically reduce the maximum fraud losses banks will have to repay to victims have been proposed after ...

The Payment Systems Regulator (PSR) has said it will scale back mandatory fraud compensation despite a surge in APP scams.

As a result, we are now consulting on a limit that still covers the vast majority of authorised push payment scams and strikes the right balance. Under our proposals, consumers in the UK will ...