Authorized Push Payment - All News And Posts By Crowdfund Insider

UK’s Payment Systems Regulator (PSR) Seeks Views on APP Fraud Reimbursement Limit

August 20, 2023 @ 4:37 pm By Omar Faridi |

The Payment Systems Regulator (PSR) has launched two consultations in the lead up “to the implementation of its new authorised push payment (APP) fraud reimbursement requirements. ” In June, the PSR set out its final position on “tackling APP fraud, which will mean the vast… Read More

Read more in: Fintech, Global, Politics, Legal & Regulation | Tagged app fraud, authorized push payment, chris hemsley, consultation, europe, fraud, payment systems regulator, psr, uk, united kingdom, update

APP Scams Emerge as Top Payments Fraud Threat, ACI Worldwide Report Claims

June 17, 2023 @ 4:10 pm By Omar Faridi |

One in every five global consumers surveyed in 2022 said they “fell victim to payments fraud in the last four years — 26.9% of whom are victims of Authorized Push Payment (APP) scams, which is the number one fraud threat globally” — according to the… Read More

Read more in: General News, Fintech, Global | Tagged aci, aci worldwide, analytics, app, authorized push payment, cleber martins, data, fraud, fraudulent activities, globaldata, payments, real-time payments software, research, scam, scams, survey

LHV UK Introduces Confirmation of Payee to Address APP Fraud

June 14, 2022 @ 11:34 pm By Omar Faridi |

LHV UK, a banking services provider to more than 200 Fintech and crypto firms, is pleased to announce its Confirmation of Payee (CoP) service is currently live for all its direct clients. Introduced in July 2020, CoP is a fraud prevention system that’s led by… Read More

Read more in: Fintech, Global | Tagged app fraud, authorized push payment, confirmation of payee, cop, erki kilu, europe, fraud, fraudulent activities, lhv uk, open banking, pay.uk, payments, uk, united kingdom