UK mobile networks and banks unite to combat APP fraud
November 7, 2024
In a significant step to address the rising issue of Authorised Push Payment (APP) fraud in the UK, GSMA and UK Finance have developed a
Tag: APP Fraud
UK Finance Fraud Report: key insights from the first half of 2024
October 22, 2024
Fraud remains one of the biggest challenges facing the UK’s financial sector. The latest UK Finance Fraud Report for the first half of 2024 reveals
FCA Dear CEO letters outline APP fraud reimbursement expectations
October 10, 2024
The Financial Conduct Authority (FCA) has issued two significant “Dear CEO” letters, marking the implementation of the new requirements for reimbursing victims of Authorised Push
PSR confirms APP scam reimbursement decision
September 26, 2024
On September 25th, the Payment Systems Regulator (PSR) confirmed its decision on the maximum reimbursement limit for victims of Authorised Push Payment (APP) scams. Starting
PSR confirms APP scam protection updates and consults on high-value fraud cap
September 11, 2024
The Payment Systems Regulator (PSR) has set a crucial date of 7 October 2024 for implementing new protections against Authorised Push Payment (APP) scams, reaffirming
Extra time for payment service providers to investigate fraud
April 8, 2024
On March 12, 2024, HM Treasury announced its proposal for the Payment Services (Amendment) Regulations 2024. These new regulations aim to empower PSPs with more
PSR to host engagement sessions on APP scams reimbursement requirement
March 22, 2024
The Authorised Push Payment (APP) scams reimbursement requirement will officially take effect on 7 October 2024. This policy aims to provide protection to consumers who
Understanding and preparing for the upcoming changes in APP fraud regulations
January 15, 2024
In the ever-evolving landscape of digital transactions, staying ahead of fraudulent activities is crucial for financial institutions and payment service providers (PSPs). One of the