GlobalData on MSN2dOpinion
PSD2 has made APP financial fraud worse: Here’s how we solve it
Iain Swaine explains how PSD3 needs to do more to clarify the differences between unauthorised and authorised frauds ...
JD Supra1d
APP fraud: FCA consults on Approach Document changes to support proposed payments delay legislation
The FCA is consulting on amendments to its Payment Services and Electronic Money Approach Document to provide guidance for ...
FICO and Jersey Telecom Collaborate to Tackle Authorised Push Payment Fraud
In the fight against the growing problem of financial scams, global analytics software leader FICO has collaborated with ...
The Lawyer5y
Authorised push payment scams – a voluntary code?
Kirkland & Ellis is poised to hire a financial restructuring duo from German firm Gleiss Lutz, following its launch in Frankfurt this month. Partner Christian Halàsz and counsel Friedrich Schlott, ...
Forbes16d
What Is APP (Authorised Push Payment) Fraud?
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 ...
Finextra1mon
A Revolutionary Reimbursement Policy to Combat Authorised Push Payment (APP) Scams
The Payment Systems Regulator (PSR) is implementing a groundbreaking reimbursement policy to tackle the growing menace of authorised push payment (APP) scams. This new requirement mandates payment ...
Solicitors Journal5d
The Payment Systems Regulator’s proposal to lower the APP fraud reimbursement limit
Dan Wyatt, Partner at RPC, shares his thoughts on the unexpected consultation by the UK Payment Systems Regulator on whether ...
Solicitors Journal1mon
The reimbursement burden in the wake of increased authorised push payment fraud: are tech companies the new target in town?
and the possible implications of doing so The rise of authorised push payment (APP) fraud over recent years has left many victims in despair over how to get their money back. According to UK Finance’s ...
Malvern Gazette9d
Couple victims of £6,000 Authorised Push Payment fraud
The couple paid what they thought was a legitimate CIL charge to Malvern Hills District Council but fell victim to a £6,126, Authorised ...
BBC5y
Refund hopes rise for push payment scam victims
More consumers who fall victim to "push" payment scams may be reimbursed by their bank under proposed new rules. A draft voluntary code for banks aims to prevent "Authorised Push Payment" (APP ...
Which17d
Which? responds to Payment Systems Regulator's proposals to slash authorised push payment fraud reimbursement limit
"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 ...
Financial IT3d
FICO and Jersey Telecom Collaborate to Tackle Authorized Push Payment Fraud
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 ...