09 Jan 25 @ 17:58

In an unusual about-turn, the UK’s Payment Systems Regulator (PSR) issued a statement confirming the implementation date for the APP fraud (Authorised Push Payments) protections to come into effect, and... 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

11 Jun 24 @ 13:33

Yesterday, industry body The Payments Association called on the incoming head of the Payments Systems Regulator (PSR) to delay activating new APP fraud regulations around reimbursements. The association highlighted the... read more

09 Feb 24 @ 13:46

Recently we discussed in a webinar with Visa the growing issue of APP fraud across Europe and the mandatory reimbursement of consumers that is soon to be implemented by regulators... read more

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

06 Dec 23 @ 11:18

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

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

25 Oct 23 @ 12:28

APP fraud (Authorised Push Payment) losses continued to be driven by the abuse of online platforms and telecommunications. Criminals commit investment scams advertised on search engines and social media, romance scams... 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

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

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

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

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

11 Jun 25 @ 12:55

As the epidemic of online fraud escalates, it is increasingly clear that the financial services sector alone cannot – and should not – be expected to shoulder the entire burden... read more

24 Jan 24 @ 19:33

The U.S. Faster Payments Council (FPC), has published a new industry resource, titled Fraud Trends and Mitigation Opportunities. Developed by the FPC Fraud Work Group, this inaugural bulletin is aimed... 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