Regulators have responded with new frameworks. In the UK, the Payment Systems Regulator (now merged with the FCA) introduced ...

Growing payment fraud around the world is prompting the creation of new systems to combat it, with the United Kingdom’s ...

Innovative combination of telephony signals and card data delivers first real-time solution to spot scams with early pilot reducing the number of people scammed by 41% LONDON--(BUSINESS WIRE)--In the ...

According to the latest statistics, 70% of fraud originates online while the next 16% occurs through telecommunications. So the best way to beat the fraudsters is to be cautious about any email, call ...

The digitisation of payments has unlocked vast economic potential that drives growth, efficiency and inclusion. But this ...

Fraudsters are shifting their tactics to buy items online using stolen details, and sometimes tricking people into disclosing their one-time passcodes, according to a banking and finance industry body ...

The UK Payment Systems Regulator (PSR) has published an update on what it has seen since the implementation of its authorised push payment (APP) fraud reimbursement scheme in October 2024. The data ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Overall losses in 2024 were broadly unchanged from the ...

The UK Payments Systems Regulator (PSR) has published a consolidated policy statement (PS25/5) concerning the authorised push payment (APP) fraud reimbursement requirement within the Faster Payments ...

Cyprus has recorded a significant rise in payment fraud, with incidents and financial losses growing faster than anywhere else in the eurozone, a Central Bank of Cyprus report showed on Monday.The ...

Payments is the plumbing of financial services. When it fails, it’s immediately visible to customers and counterparties alike ...