APP Fraud

HSBC: Tech Sector Should Help Refund APP Fraud Victims
HSBC: Tech Sector Should Help Refund APP Fraud Victims
September 24, 2024  |  Security & Fraud

British banking giant HSBC wants the tech industry’s help with new fraud reimbursement rules. The bank said the regulations expected to go into effect next...

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Mastercard Taps AI to Tackle UK APP Fraud Epidemic
Mastercard Taps AI to Tackle UK APP Fraud Epidemic
September 24, 2024  |  Fraud Prevention

Mastercard has introduced what it says are new protections against real-time payment scams. The update to the company’s Consumer Fraud Risk (CFR) solution, announced Tuesday (Sept. 24), uses...

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Revolut Sees Jump in Scam Complaints as APP Fraud Grows
Revolut Sees Jump in Scam Complaints as APP Fraud Grows
September 11, 2024  |  Security & Fraud

Revolut enjoys the distinction of being the most valuable FinTech in Europe. But as a report Wednesday (Sept. 11) by Bloomberg News points out, the company has...

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Report: UK Regulator Makes Massive Cut to Fraud Reimbursement Plan
Report: UK Regulator Makes Massive Cut to Fraud Reimbursement Plan
September 04, 2024  |  Security & Fraud

The U.K.’s payment regulator is reportedly making a drastic cut to its fraud reimbursement plan. Banks and payment companies in England would have had to...

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Push Payments Fraud in UK Hit $433 Million in 2023
Push Payments Fraud in UK Hit $433 Million in 2023
August 01, 2024  |  Security & Fraud

Push payments fraud in the U.K. increased in volume last year, while declining in value. That’s according to a report issued Thursday (Aug. 1) by...

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Report: Revolut Leads UK Scam Complaints Amid APP Fraud Surge
Report: Revolut Leads UK Scam Complaints Amid APP Fraud Surge
July 21, 2024  |  Security & Fraud

Revolut has reportedly denied thousands of British customers reimbursement requests after they were defrauded. This has led many of these consumers to seek help from...

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UK Payments Regulator Won’t Delay Fraud Reimbursement Rules
UK Payments Regulator Won’t Delay Fraud Reimbursement Rules
June 10, 2024  |  Fraud Prevention

The UK’s payments regulator says new fraud reimbursement rules will proceed as planned. The Payment Systems Regulator told PYMNTS Monday (June 10) that it still...

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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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Payments Authentication Success Leans on Consistent User Experiences
Payments Authentication Success Leans on Consistent User Experiences
May 24, 2024  |  Authentication

Today’s rapidly evolving payments and financial landscape brings with it both challenges and opportunities. And the challenges and opportunities center around effective authentication, as the...

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