Tag: APP fraud

A study from UK Finance found that criminals stole £629.3 million (roughly $826 million) during the first half of the ...

The modern financial landscape has created fertile ground for authorized push payment (APP) fraud, where victims are tricked into willingly ...

When a financial institution’s customer is tricked into sending a payment, there has often been little recourse for the victim. ...

The UK has announced it will abolish its payments oversight body, The Payment Systems Regulator (PSR), and transfer its functions ...

As cross-border payments fuel an increasingly globalized economy, concerns about fraud in these transactions have also grown. Although cross-border payments ...

UK fintech Revolut was named in more fraud complaints than any of its peers last year, raising concerns about the ...

The UK has introduced new regulations requiring banks and other payment firms to reimburse victims of authorized push payment (APP) ...

Meta is enhancing its Fraud Intelligence Reciprocal Exchange (FIRE) to directly share data with two UK banks in an effort ...

Authorized Push Payment (APP) fraud has been notoriously difficult to fight against because it involves consumers voluntarily transferring assets to ...

UK banks will now have additional time to reach out to customers or local authorities if they suspect a customer ...