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PSR addresses APP scams in new report

News | Digital Identity, Security & Online Fraud | 02 Aug 2024

The Payment Systems Regulator (PSR) has published its latest report on the performance of payment firms in addressing Authorised Push Payment (APP) scams for the year 2023.

report, APP fraud, scam, payments , fraud management

The Payments Association calls for APP fraud implementation delay

News | Digital Identity, Security & Online Fraud | 10 Jun 2024

The Payments Association has announced its call to PSR to delay the APP fraud implementation in order to prevent and stop irreparable damage. 

regulation, fraud management, fraud detection, online fraud, payments , ecommerce

PSR: card schemes don't face effective competition

News | Cards | 24 May 2024

The Payment Systems Regulator (PSR) has recently published an interim report suggesting that card schemes do not face effective competition in the supply of scheme and processing services to acquirers.

Visa, MasterCard, card scheme, credit card, debit card, prepaid card, payments , interchange fee, scheme fee, regulatory sandbox, regulation, payment processor, merchant, Acquirer, report

PSR confirms new APP fraud reimbursement requirements

News | Digital Identity, Security & Online Fraud | 08 Jun 2023

UK-based Payment Systems Regulator (PSR) has confirmed new requirements for banks and payment companies to ensure reimbursement for victims of APP fraud.

regulation, fraud prevention, APP fraud, banking, payments , financial crime, PSP, reimbursement, fintech, regtech, cybercrime

PSR drafts plan for reporting Authorised Push Payment scams

News | Digital Identity, Security & Online Fraud | 13 Feb 2023

UK-based regulatory body Payment Systems Regulator (PSR) has recently published its latest consultation on guidance to help PSPs provide correct data when reporting their Authorised Push Payment (APP) scams.

regulation, regulatory sandbox, APP fraud, fraud management, fraud detection, online fraud, payment fraud, transaction fraud, scam, PSP, report

TSB warns PSR fraud refund scheme excludes 1 in 4 APP scam victims

News | Digital Identity, Security & Online Fraud | 10 Jan 2023

British TSB Bank officials have warned that the fraud refund rules proposed by the Payment Systems Regulator to come into effect in 2023 will exclude a significant part of APP fraud victims.

APP fraud, regulation, fraud prevention, bank account, fraud detection

Payment Systems Regulator details new reporting requirement for APP

News | Digital Identity, Security & Online Fraud | 12 Dec 2022

The UK’s Payment Systems Regulator (PSR) has revealed a new reporting requirement for authorised push payment (APP) scams.

fraud prevention, scam, compliance, data sharing