06 Jan 20 @ 13:28

The Digital Revolution is changing our lives every day, but human nature does not change, and with every technological advance, new crimes emerge. As digital makes deeper inroads into our... read more

13 Sep 24 @ 10:09

A new report from Token ID, A Visa Solution, outlines in detail why Payment Account Tokenization (PAT) is essential to the future of payments. As the global economy digitises, the new report... read more

04 Sep 24 @ 09:39

The UK’s Payment Systems Regulator (PSR) is set to reduce the maximum compensation limit for APP fraud victims to £85,000, down from the originally proposed £415,000. This follows pressure from... read more

19 Aug 24 @ 13:18

Rachel Reeves, the UK Chancellor, is urging regulators to demonstrate how they are promoting the City’s competitiveness while safeguarding consumers. Reeves’ call comes as the Treasury raises concerns about a... read more

02 Jul 24 @ 16:12

Decision-makers from payments businesses across the UK have identified APP fraud (Authorised Push Payment) as the top threat to both their businesses and consumers. This is according to the first... read more

31 Oct 23 @ 14:00

The UK’s Payment Systems Regulator (PSR) has published its first APP fraud and scams performance report. Authorised push payment (APP) fraud happens when a fraudster tricks someone into sending a... read more

17 Nov 22 @ 14:02

APP fraud (Authorised Push Payment) losses are on the rise and expected to climb to $5.25 billion across the US, UK and India by 2026 — a record CAGR of 21%... read more

29 Jun 22 @ 12:33

UK Finance has released its latest fraud report covering 2021. The report shows the scale of fraud taking place as well as how criminals took advantage of people’s doubts and... read more

23 Mar 22 @ 10:34

Unauthorised financial fraud losses across payment cards, remote banking and cheques totalled £783.8 million in 2020 according to a report by UK Finance, the industry body. In addition, UK Finance... read more

09 Mar 22 @ 16:56

Which? A consumer rights and protection website has analysed new data and says that every hour, APP fraud (Authorised push payment fraud) victims lose more money than the average UK... read more

23 Sep 21 @ 15:08

The latest fraud figures released by UK Finance show the scale of the fraud problem in payments is only growing, despite the efforts of the banking and finance industry. In... read more

27 Sep 19 @ 12:56

The finance industry prevented £820 million of unauthorised fraud in H1 2019, up 14% on the previous year, according to the latest figures from UK Finance. This is equivalent to £2... read more

09 Jul 26 @ 21:02

Open Banking payment fraud continues to remain significantly lower than across the wider UK payments industry, despite increasingly sophisticated scam techniques and a gradual rise in overall fraud volumes, according... read more

31 Mar 26 @ 19:08

The Payments Association has escalated pressure on ministers and regulators to confront what it describes as a structural failure at the heart of the UK’s fraud regime: the platforms where... read more

29 Mar 26 @ 18:28

The Payments Systems Regulator sets out 2026/27 agenda with card fees, APP fraud and Open Banking in its sights. The UK’s payments industry faces another year of heavy regulatory intervention... read more

26 Mar 26 @ 19:03

Fraud in digital finance is no longer best understood as a series of isolated scams carried out by opportunistic criminals. It is increasingly operating as an industrialised system: fast, scalable... read more

20 Feb 26 @ 19:10

The UK’s payments watchdog has imposed a £3.78m penalty on Bank of Ireland UK after the lender failed to meet the regulatory deadline for implementing Confirmation of Payee (CoP), a... read more

28 Jan 26 @ 21:23

Open Banking has long been promoted as a safer, more controlled alternative to legacy payment rails. New evidence from Open Banking Limited’s latest financial crime update reinforces that claim —... read more

13 Jan 26 @ 14:22

Eight years after its launch, Open Banking has become a foundational layer of the UK’s financial system rather than a niche regulatory initiative. More than 16.5 million user connections are... read more

12 Sep 25 @ 14:19

Real-time payments have long been heralded as the future of money movement in the US and many other global markets. With the RTP network from The Clearing House and the... read more