Articles with tag: uk finance

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UK Finance and Accenture release report, proposing next steps for open banking

19 Jun 2020 | Online & Mobile Banking

UK Finance, in association with Accenture, has set a future model for how the UK’s Open Banking can progress once the current implementation phase ends early 2021.

UK, UK Finance, open banking, Accenture, Competition and Markets Authority, CMA, banking, CMA9, banks, Payments UK

FCA delays SCA to 14 September 2021

04 May 2020 | Digital Identity, Security & Online Fraud

The UK's Financial Conduct Authority (FCA) has announced the delay of SCA’s introduction by another six months, amidst the major disruption being caused by the COVID-19 pandemic.

FCA, SCA, UK Finance, EBA, PSD2, regulation

Limit for contactless spending in the UK to rise to GBP 45

25 Mar 2020 | Cards

The UK Finance industry association has announced it will raise the spending limit for contactless card payments from GBP 30 to GBP 45 in April 2020.

UK, contactless payments, cards, POS, UK Finance, retailers

Scammers stole GBP 1.2 bln from British bank customers in 2018

25 Mar 2019 | Digital Identity, Security & Online Fraud

Official data from UK Finance has revealed that scammers stole GBP 1.2 billion from UK bank customers in 2018 with a near-500% leap in counterfeit cheque fraud.

UK Finance, banking, data breaches, cheque fraud

Contactless payments adoption increases in the UK

19 Mar 2019 | Cards

UK Finance has released data showing that more than 40% of all debit and credit transactions in the UK were processed using contactless technology in 2018.

UK Finance, cards, contactless payments, the UK, debit card, credit card