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Find here all the latest articles, news, and research on APP Fraud and other APP Fraud-related topics:

Find here all the latest articles, news, and research on APP Fraud and other APP Fraud-related topics:

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ComplyAdvantage launches Fraud Detection solution

News | Digital Identity, Security & Online Fraud | 16 May 2023

Financial crime intelligence company ComplyAdvantage has launched a Fraud Detection solution that uses machine learning algorithms to detect and prevent transaction fraud.

product launch, fraud detection, fincrime, financial services, financial crime, fintech, banks, APP fraud, account takeover, transaction fraud, payments , machine learning, artificial intelligence, synthetic identity, financial institutions, marketplace, data analytics

UK Finance research: 2022 fraud losses exceed GBP 1.2 bln

News | Digital Identity, Security & Online Fraud | 12 May 2023

UK Finance has released its Annual Fraud Report in partnership with Feedzai showcasing that financial fraud losses in the UK throughout 2022 exceeded GBP 1.2 billion.

research, report, financial crime, online fraud, payment fraud, cybercrime, cybersecurity, APP fraud, fintech, banking, identity theft

Tide proposes anti-fraud tax to fight scammers

News | Digital Identity, Security & Online Fraud | 09 May 2023

Digital business banking platform Tide has called on the government to introduce a new levy to fund and train more police officers to fight Britain’s fraud epidemic.

fraud prevention, APP fraud, regulation, social engineering, scam

SurePay launches Confirmation of Payee checks portal for banks, PSPs

News | Digital Identity, Security & Online Fraud | 20 Apr 2023

Payment verification solutions provider SurePay has launched an online portal that enables UK-based banks and payment service providers (PSPs) to perform Confirmation of Payee checks.

product launch, online platform, cybersecurity, fraud prevention, APP fraud, Confirmation of Payee, CoP, identity verification, identity fraud, cybercrime, PSP, banks, fintech, digital onboarding, payments

Take action against failed payments eroding your business' profitability

Voice of the Industry | Payments General | 06 Apr 2023

With an average fee of USD 12 for rejected or repaired payments, the direct cost of failed payments can quickly erode profitability. LexisNexis® Risk Solutions shares tips on how to solve this problem.


payment processing, APP fraud, cross-border payments, data analytics, LexisNexis, IBAN, SWIFT, banks

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

Form3 supports Payments Association to fight UK digital and financial crime

News | Digital Identity, Security & Online Fraud | 25 Jan 2023

UK-based cloud payment technology provider Form3 has sponsored The Payments Association’s financial crime working group to address financial crime in the UK.

fraud prevention, financial crime, cybercrime, fintech, APP fraud

The end of the silver bullet era in fraud prevention

Voice of the Industry | Digital Identity, Security & Online Fraud | 20 Jan 2023

Han Sahin, CEO of ThreatFabric, explains why financial institutions should avoid investing in a ‘silver bullet’ solution to fight and prevent fraud, and offers advice on how to protect against future attacks


fraud detection, malware, bot attacks, banks, KYC, APP fraud, biometrics, two-factor authentication

Bottomline launches Confirmation of Payee for businesses

News | Digital Identity, Security & Online Fraud | 18 Jan 2023

Financial technology provider Bottomline has launched a fraud prevention solution, Confirmation of Payee (CoP) for businesses to fight authorised push payment (APP) fraud.

product launch, online fraud, fraud prevention, identity fraud, identity verification, Confirmation of Payee, APP fraud, API

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

Address payment fraud with a new approach to risk management

Interviews | Digital Identity, Security & Online Fraud | 16 Dec 2022

Ravi Loganathan, Head of Financial Institution Services at Sardine, describes how the financial sector can improve fraud detection and compliance across traditional and decentralised finance.

 

fraud management, data, biometrics, fintech, DeFi, cryptocurrency, financial services, APP fraud, KYC

Featurespace gets funding from the UK and US governments to prevent fraud

News | Digital Identity, Security & Online Fraud | 24 Nov 2022

UK-based fraud prevention company Featurespace has secured funding from the UK and US governments to build an AI system that detects financial crime for banks and PSPs.

Featurespace, APP fraud, AML, fraud prevention, artificial intelligence, privacy-enhancing technology

Callsign's new Dynamic Interventions combats authorised push payment scams

News | Digital Identity, Security & Online Fraud | 21 Oct 2022

UK-based fraud prevention company Callsign has launched its Dynamic Interventions capability, controlled by its orchestration engine, to fight fraud in real time.

fraud prevention, APP fraud, product launch, Callsign, behavioural biometrics

Railsr partners with SurePay to enable Confirmation of Payee

News | Digital Identity, Security & Online Fraud | 11 Oct 2022

UK-based embedded finance enabler Railsr has increased fraud protection for customers using UK Faster Payments (UKFP) by selecting SurePay as its Confirmation of Payee vendor.

APP fraud, Confirmation of Payee, Open Banking, fraud prevention, partnership

The UK PSR speeds up regulation for APP scams protection

News | Digital Identity, Security & Online Fraud | 07 Oct 2022

The UK Payment Systems Regulator (PSR) has announced it intends to speed up the coming into force of requirements for mandatory reimbursement for consumers.

regulation, APP fraud, fraud detection, online fraud, online payments

APP fraud: What new changes are on the horizon for banks?

Voice of the Industry | Digital Identity, Security & Online Fraud | 08 Jul 2022

With authorised push payment fraud surpassing card fraud in losses in the first half of 2021, Arun Chauhan Director of Tenet Compliance draws a map of the things banks could do to reduce the occurrence and effects of APP fraud on their customers.


APP fraud, fraud prevention, banks, payments , regulation, financial crime

LHV UK launches Confirmation of Payee service

News | Digital Identity, Security & Online Fraud | 14 Jun 2022

LHV UK, a banking services provider, has announced that its Confirmation of Payee (CoP) service is now live for all its direct clients. 

product launch, APP fraud, fraud prevention, Open Banking, banks

APP Fraud Playbook: Detect, Deter and Prevent

Webinar | Digital Identity, Security & Online Fraud | 27 May 2022

Hear subject matter experts from NICE Actimize, DNB Bank, BehavioSec, and Prove about authorised fraud; the scale of the challenge, the value of additional fraud signals, integrating detection and prevention strategies within a single ongoing fraud ecosystem. 

online banking, digital banking, financial institutions, APP fraud, fraud detection

Human behaviour and the tools of the scammers

Voice of the Industry | Digital Identity, Security & Online Fraud | 10 May 2022

From RATs to psychological tricks, bad actors are using every trick in the book to defraud their customers – with a high success rate. Callsign’s Andreas Eliasson says that needs to change

identity verification, behavioural biometrics, APP fraud, risk management, fraud detection, digital identity, scam

Triodos Bank UK selects SurePay's Confirmation of Payee solution to prevent fraud

News | Digital Identity, Security & Online Fraud | 13 Aug 2021

SurePay, a Confirmation of Payee provider, has announced that Triodos Bank UK will implement its full-service Confirmation of Payee solution.

partnership, APP fraud, fraud prevention, banks, PSP