Showing results for 'APP fraud ' in Articles
43 Articles | 5 Magazines | 0 Research | 0 Whitepapers

Fraud in the UK: A £1 billion threat that demands action

28 May 25 @ 12:49

Despite remarkable advances in banking security, payment fraud remains a significant and systemic threat to the UK’s financial infrastructure. New figures released by UK Finance reveal that criminals stole £1.17... read more

UK fintech hits pivotal moment in global development race

31 Jan 25 @ 14:22

The UK fintech industry is at a pivotal moment. Regulation, reputation, growth and investment are under the spotlight, and happily so. These are not mutually exclusive. The powers that be... read more

Pay by Bank: The current state of play

23 Jan 25 @ 14:31

Pay by Bank (PBB), often referred to as account-to-account (A2A) payments, is steadily gaining traction as a compelling alternative to traditional card payments. By leveraging banking rails, Pay by Bank... read more

CFPB takes on big US banks over Zelle fraud allegations

08 Jan 25 @ 16:30

In a move that has shaken the US financial sector, the Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against JPMorgan Chase, Bank of America, Wells Fargo and Zelle’s... read more

Scamscope projects APP scam losses to hit $7.6 billion by 2028

21 Nov 24 @ 11:34

APP scam losses (Authorised push payment) are on the rise, and expected to climb to $7.6 billion by 2028 across six leading real-time payment markets (US, UK, India, Brazil, Australia... read more

Why Payment Account Tokenization (PAT) is vital for an instant future

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

Fighting economic crime through enhanced verification

10 Jun 24 @ 15:51

A new industry coalition will be formed to fight economic crime through enhanced verification, the Centre for Finance, Innovation and Technology (CFIT) has announced. The coalition aims to bring together... read more

Fintechs and banks hunt growth – but they must outpace fraud

10 Jun 24 @ 10:26

In the second article for our series about the phygital economy powered by leading PayTech specialists G+D, we argue growth alone is not enough – outpacing fraud and fraudsters’ ingenuity is... read more

Annual fraud report: £1 billion is stolen in 2023

22 May 24 @ 10:35

UK Finance has releases its 2024 annual fraud report, detailing the amount its members reported as stolen through payment fraud and scams in 2023. “Nearly £1.2 billion was stolen from... read more

Get on your marks for PSD3, PSR and FIDA

22 Apr 24 @ 12:51

As the clock ticks down to new regulations that will change the face of Open Banking, data access, and security, Alex Reddish, Managing Director of Tribe Payments, takes a deep dive... read more

Confirmation of Payee reaches 2 billion checks in UK

10 Apr 24 @ 15:57

Pay.UK, the operator of the UK’s national retail payments system, announced that Confirmation of Payee (CoP), has reached 2 billion checks. This is a significant milestone and the volume of... read more

As instant payments go global, new risks emerge: banks must prepare

18 Mar 24 @ 18:05

A new white paper from global digital banking infrastructure firm RS2 describes the rapid adoption of Instant Payments world-wide, predicting that one in three consumer payments will be instant by 2029.... read more

New research reveals impact of APP fraud

02 Feb 24 @ 17:55

APP fraud (Authorized Push Payment ) losses are on the rise and expected to climb to $6.8 billion — a combined compound annual growth rate (CAGR) of 11% — by... read more

The future of UK payments: What’s on the horizon?

07 Sep 23 @ 16:52

This article, originally published by B&B, intends to summarise the latest UK payments regulatory developments with regard to recent updates; the Future Regulatory Framework Review, the Financial Services Future Regulatory... read more

Widespread adoption drives global Real-Time Payments growth

24 May 23 @ 16:14

New sophisticated use cases for consumers and businesses are driving global Real-Time Payments (RTP) volumes to record highs, with 195.0 billion RTP transactions recorded globally in 2022 — a YoY... read more

Fraud Report: Over £1.2 billion stolen in UK in 2022

11 May 23 @ 12:58

UK Finance has releases its Annual Fraud Report, detailing the amount reported by UK Finance members, of money stolen by criminals through financial fraud in 2022. Over £1.2 billion was... read more

Five ways digital payments will change financial services

20 Mar 23 @ 16:38

The last three years have seen considerable change in how the UK financial services sector operates. The expectations of consumers have shifted, prompted by the pandemic and a need for... read more

UK Fraud report: H1 2022 sees decline in fraud of 13%

13 Oct 22 @ 11:19

UK Finance has released its latest fraud report covering H1 2022. The report shows that while the end of the pandemic has seen a fall in overall fraud losses, some... read more

The rising issue surrounding mobile app fraud

15 Jun 22 @ 17:24

The world is going mobile. And so too is Fraud. Global smartphone ownership rose sharply from 49% in 2016 to 83% in 2022, equating to 6.64 billion people owning a... read more

UK payments regulator sets out plan for the future – card schemes in sights

01 Apr 22 @ 11:00

The Payment Systems Regulator (PSR) has published its Annual Plan for 2022/23, to go further in making sure payment systems are fit for the future – offering access, protection and... read more

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UK fraud losses reach four-year high

16 Jun 26 @ 18:17

Financial fraud losses in the UK climbed to their highest level in four years during 2025, highlighting the growing sophistication of criminal networks and rais... more

Visa and Mastercard move to end two-decade swipe fee battle

11 Jun 26 @ 16:00

A landmark legal battle that has shaped the economics of card payments in the United States for more than twenty years has taken another significant step toward... more

Spain’s largest banks launch collaborative fraud platform

18 Jun 26 @ 19:36

Three of Spain’s largest banking groups have taken a significant step towards strengthening the fight against financial crime, launching a shared fraud intell... more