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....
Regulators in the U.K. are preparing to mandate that banks reimburse victims of APP fraud. Leading the charge, the Payment Systems Regulator (PSR) has drawn...
The U.K. has been experiencing a widespread payments fraud epidemic in recent years. Authorized push payment (APP) fraud, for example, increased 40% between 2020 and...
The U.K. is upgrading its instant payment system to incorporate a modern ISO 20022-compliant architecture. Known as the New Payment Architecture (NPA), the initial plan...
On Monday, March 14, new strong customer authentication (SCA) rules will apply in the U.K. and merchants that didn’t implement these new rules risk customer...
The United Kingdom continues developing its New Payment Architecture (NPA), which will allow financial institutions (FIs), payment providers and other players to access a new...
British payments firm Pay.UK’s Answer Pay service and new enrollee Mastercard have successfully completed their first post-testing transaction involving Answer Pay’s “Request to Pay” service,...
Mastercard has officially enrolled in the Pay.UK‘s Request to Pay service, which aims to allow customers to view and pay bills in a more streamlined,...