The government of the United Kingdom has published draft legislation that would allow payment service providers (PSPs) to delay outbound payments processing by up to four business days when they suspect fraud. Get the Full Story Complete the form to unlock this article and enjoy...
Authorized push payments (APP) fraud victims in the U.K. could soon see faster reimbursements. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...
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. And while that amounts to an 8% drop compared to 2021 figures, there’s no debate that the battle to prevent...
The U.K.’s payment regulator has outlined new rules to combat authorized push payment (APP) fraud. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...
March 12, 2024
When it comes to innovation, the United Kingdom can find itself on a literal island. And the kingdom’s latest regulatory push, one that is targeting authorized push payment (APP) fraud, has left observers wondering whether that island may be sinking. Get the Full Story Complete the form to unlock this article and enjoy unlimited free […]
May 16, 2023
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. And while that amounts to...
March 12, 2024
The government of the United Kingdom has published draft legislation that would allow payment service providers (PSPs) to delay outbound payments processing by up to four business days when they suspect fraud. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional […]
June 07, 2023
Authorized push payments (APP) fraud victims in the U.K. could soon see faster reimbursements. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
December 08, 2022
The U.K.’s payment regulator has outlined new rules to combat authorized push payment (APP) fraud. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
