UK Finance

UK Bank Lobby Group: Fraud Threatens National Security  
UK Bank Lobby Group: Fraud Threatens National Security  
September 22, 2021  |  Fraud Prevention

Increasing incidents of fraud against online shoppers and digital banking newcomers across Britain since the start of the COVID-19 pandemic is “a national security threat”...

READ MORE >
Today In Payments Around The World: Mastercard, ACI Team On Real-Time Payments In Peru; TransferWise Changes Brand To Wise
Today In Payments Around The World: Mastercard, ACI Team On Real-Time Payments In Peru; TransferWise...
February 22, 2021  |  Cross-border Payments

In today’s top payments news around the world, Mastercard and ACI Worldwide are teaming to advance real-time payments in Peru, while TransferWise is changing its...

READ MORE >
Industry Group Eyes Global Expansion For UK Financial Services
Industry Group Eyes Global Expansion For UK Financial Services
February 22, 2021  |  Cross-border Payments

The trade group UK Finance “has set out proposals to place the financial services industry at the heart of the U.K.’s post-COVID-19 economic recovery, with...

READ MORE >
Report: Some UK Merchants Remain Reluctant To Embrace SCA
Report: Some UK Merchants Remain Reluctant To Embrace SCA
August 18, 2020  |  Bank Regulation

Most markets including the European Union, the United Kingdom and the United States have seen a jump in online transaction volume as consumers react to...

READ MORE >
UK Finance On How COVID-19-Related SCA Shifts Are Changing The Payments Landscape
UK Finance On How COVID-19-Related SCA Shifts Are Changing The Payments Landscape
June 08, 2020  |  Bank Regulation

The pandemic has thrown daily operations for merchants in the EU and the U.K. into flux. Retailers have had to swiftly adapt to markets where...

READ MORE >
The EU’s COVID-19 Contactless Limit — Too Little, Too Late?
The EU’s COVID-19 Contactless Limit — Too Little, Too Late?
June 05, 2020  |  Bank Regulation

Financial institutions (FIs) in the European Union (EU) and the United Kingdom are still thinking positively about open banking even as the COVID-19 pandemic creates...

READ MORE >
AltFin Community Advises HMRC Against Insolvency Tax Recovery Plans
AltFin Community Advises HMRC Against Insolvency Tax Recovery Plans
May 07, 2019  |  B2B Payments

The U.K. government is considering reinstating its so-called “crown preference” policy in an effort to prioritize the collection of tax payments from insolvent small businesses....

READ MORE >
UK Businesses Lost £93M Last Year Due To Invoice Fraud
UK Businesses Lost £93M Last Year Due To Invoice Fraud
March 25, 2019  |  B2B Payments

A new report has revealed that invoice fraud cost U.K. businesses £93 million ($122.8M USD) last year. But despite the losses, more than four in...

READ MORE >
Financial Scams Against UK Consumers, Biz Up 16 Pct
Financial Scams Against UK Consumers, Biz Up 16 Pct
March 21, 2019  |  Cybersecurity

Financial scams perpetrated against U.K. households and companies increased 16 percent in 2018, according to new data. The Financial Times, citing the trade body UK...

READ MORE >