Articles with tag: authorised push payment

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US Faster Payments Council publishes white paper focused on fraud prevention

31 Jul 2020 | Digital Identity, Security & Online Fraud

The US Faster Payments Council (FPC) has released its latest white paper, Examining Faster Payments Fraud Prevention. 

US Faster Payments Council, FPC, white paper, Examining Faster Payments Fraud Prevention, fraud schemes, identify theft, account takeover, synthetic identity, social engineering, Authorised Push Payment, faster payments environment, user experiences, cross-border payments

PSR's Confirmation of Payee goes live

02 Jul 2020 | Online Payments

Six UK-based banking groups, covering around 90% of bank transfers, have fully implemented the Payments Systems Regulator’ Confirmation of Payee with effect from 30 June 2020.

UK, United Kingdom, PSR, Payments Systems Regulator, Confirmation of Payee, CoP, bank transfers, banking groups, Lloyds, Bank of Scotland, Halifax, Royal Bank of Scotland, NatWest, Ulster Bank, HSBC, First Direct, Barclays, Santander, Nationwide, payments, TSB, Authorised Push Payment, APP scams

British banks failing to hit fraud check deadline, say MPs

04 Nov 2019 | Digital Identity, Security & Online Fraud

British banks that fail to meet a deadline for introducing tougher fraud checks have been urged by MPs to act.

British banks, APP, fraud prevention, UK, authorised push payments, money transfers, scam victims

GBP 616 mln stolen in UK bank accounts scams in six months

30 Sep 2019 | Digital Identity, Security & Online Fraud

Official figures have shown that more than GBP 616 million was stolen from UK bank accounts in H1 of 2019.

UK, bank accounts, scams, banking fraud, unauthorised card, cheque fraud, unauthorised transactions, APP, authorised push payment, payments

StreamMind fights bank transfer scams with new solution

12 Jun 2019 | Digital Identity, Security & Online Fraud

StreamMind, a technology provider, has launched in Europe a solution that allows users to match their identity with bank account numbers, to prevent bank transfer scams.

bank transfer scams, product launch, banks, fraud prevention, StreamMind, Authorised Push Payments, Europe

New industry code that protects people from APP scams is live

29 May 2019 | Digital Identity, Security & Online Fraud

A new industry code has come into force improving protection for people who fall victim to Authorised Push Payment (APP) scams.

Authorised Push Payment, APP scams, UK, banks, customer protection, fraud prevention, Barclays, HSBC, Metro Bank, Payment Systems Regulator, PSR