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Pay.UK Says Controlling UK’s Payments Fraud Epidemic Needs More than AI

Pay.UK Says Controlling UK’s Payments Fraud Epidemic Needs More than AI
Pay.UK Says Controlling UK’s Payments Fraud Epidemic Needs More than AI
May 16, 2023  |  Cybersecurity

Over £1.2 billion ($1.5 billion) in the U.K. was stolen through authorized and unauthorized financial fraud in 2022, according to a recently published UK Finance report....

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UK Records $1.5 Billion in Fraud in 2022
UK Records $1.5 Billion in Fraud in 2022
May 14, 2023  |  Cybersecurity

Fraudsters stole more than £1.2 billion ($1.5 billion) in the U.K. last year, down 8% since 2021. That’s according to new findings from UK Finance, which also concluded...

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UK Finance: How Far Can AI Go in Fighting Fraud?
UK Finance: How Far Can AI Go in Fighting Fraud?
March 16, 2023  |  Cybersecurity

Much has been said about the potential new technologies like artificial intelligence (AI) and machine learning have in transforming fraud detection and fraud prevention across...

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US Pickup Economy Heats Up as Consumers Ditch At-Home Delivery
US Pickup Economy Heats Up as Consumers Ditch At-Home Delivery
March 15, 2023  |  Shopping

Fast, effortless, convenient shopping. The less thinking, the better. That is what our research shows U.S. shoppers really want. U.S. consumers have gotten used to...

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UK Regulator Reports ‘Broad Support’ for Reimbursing APP Fraud Victims
UK Regulator Reports ‘Broad Support’ for Reimbursing APP Fraud Victims
February 06, 2023  |  Cybersecurity

The U.K.’s payments regulator wants banks to reimburse victims of authorized push payment (APP) fraud. In light of a 40% increase in APP fraud in...

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Curbside-Pickup-Only Grocer Opens in Oklahoma
Curbside-Pickup-Only Grocer Opens in Oklahoma
January 11, 2023  |  Retail

One of the first curbside-only grocery stores in the United States has opened its digital doors. On Tuesday (Jan. 10), JackBe, a retailer that describes itself...

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UK’s Payment Regulator Turns Attention to APP Fraud
UK’s Payment Regulator Turns Attention to APP Fraud
December 08, 2022  |  Cybersecurity

The U.K.’s payment regulator has outlined new rules to combat authorized push payment (APP) fraud. The Payment Systems Regulator (PSR) published new rules for banks...

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Big Box Retailers Target and Walmart Woo Higher-Income Grocery Shoppers
Big Box Retailers Target and Walmart Woo Higher-Income Grocery Shoppers
November 17, 2022  |  Retail

In this week’s grocery roundup, superstores set their sights on big spenders, Grab grows its grocery presence, and supermarket spending is rising. Mega-retailer Target discussed Wednesday (Nov....

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