authorized push payment

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

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

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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UK Pushes to Legally Protect Access to In-Person Banking Services
UK Pushes to Legally Protect Access to In-Person Banking Services
November 21, 2022  |  Bank Regulation

As it currently stands, the proposed Financial Services and Markets Bill in the U.K. will give the Treasury and Financial Conduct Authority (FCA) a new...

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UK Regulator Says Banks Should Reimburse Victims of APP Scams
UK Regulator Says Banks Should Reimburse Victims of APP Scams
September 29, 2022  |  Bank Regulation

Banks in the U.K. will have to make good on the money their customers lose from the biggest type of payment fraud in Britain under...

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