authorized push payments fraud

Reimbursement Backlash Forces Hemsley Out at UK’s Payment Systems Regulator
Reimbursement Backlash Forces Hemsley Out at UK’s Payment Systems Regulator
June 02, 2024  |  Regulation

The managing director of Great Britain’s Payments Systems Regulator (PSR) is reportedly stepping down. As Bloomberg News noted in a report Saturday (June 1), Chris...

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British Payments Sector Protests Fraud Reimbursement Rules
British Payments Sector Protests Fraud Reimbursement Rules
May 15, 2024  |  Security & Fraud

The U.K. payments sector is protesting the government’s plan to have companies reimburse fraud victims. Dozens of members of the Payments Association have written to...

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UK Wants to Turn Faster Payments Into Four-Day Payments
UK Wants to Turn Faster Payments Into Four-Day Payments
March 12, 2024  |  Fraud Prevention

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...

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UK Publishes Draft Legislation to Combat Authorized Push Payment Fraud
UK Publishes Draft Legislation to Combat Authorized Push Payment Fraud
March 12, 2024  |  Fraud Prevention

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...

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Bank Push Payment Scams Now 40% of UK Fraud
Bank Push Payment Scams Now 40% of UK Fraud
October 31, 2023  |  Security & Fraud

Great Britain’s smaller banks are apparently among the largest targets for payment fraud. That’s according to a report issued Tuesday (Oct. 31) by the U.K.’s...

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UK Finance: 61% of Push Payments Fraud Tied to Meta
UK Finance: 61% of Push Payments Fraud Tied to Meta
July 09, 2023  |  Security & Fraud

British lobbying group UK Finance has reportedly tied a bulk of the country’s digital payments fraud to Meta Platforms. As the Financial Times reported Sunday (July 9) —...

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