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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
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
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
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