The body in charge of the UK’s real-time interbank payment system is being pressured to introduce a fee on all transactions to fund reimbursement of fraud victims, with the current bank-funded pot...
On September 30, 2019, UK Finance announced the “Community Access to Cash Initiative”, which aims to help local communities secure access to cash and payment facilities. The initiative recognises...
New fraud figures from UK Finance have shown that losses from authorised push payment (APP) scams continue to rise, although the trade body emphasised that the effects of the newly-adopted...
The UK’s Financial Conduct Authority (FCA) has urged issuers and acquirers to avoid changing how contactless transactions are handled for a limited period, despite new strong authentication rules...
UK banks are formally proposing to introduce a new fee on Faster Payments transactions to fund reimbursement of victims of account transfer fraud, despite earlier opposition from lawmakers.
Industry groups say the decision by UK regulators to delay enforcement of strong authentication reforms will help steer firms away from a “cliff edge” next month, despite the decision not to give...
The UK’s Financial Conduct Authority (FCA) has formally agreed to grant payment providers an additional 18 months to comply with new strong authentication rules.
UK firms are hoping to seize on regulators’ increasing leniency around incoming strong customer authentication (SCA) reforms, seeking further flexibility on contactless card transactions.
In its final plea for leniency on September’s strong authentication reforms, industry group UK Finance has requested an 18-month transition period — with a six-month carve out for issuers...
The Dutch central bank has become the latest regulator to offer a transition period for firms to comply with incoming EU rules on strong customer authentication (SCA) designed to tackle payment...
Challenger bank Monzo is among some of the UK’s best-known lenders who have still not signed up to a voluntary industry code to reimburse victims of spiralling push payment fraud.
An industry-funded anti-fraud unit in the UK has doubled its success in bringing down organised crime groups, preventing £6.8m of fraud in the first half of 2019, although the amount of actual...
Plans for a phased introduction of strong authentication are taking shape in the UK, with influential industry groups expected to ask regulators for a delay in enforcement of at least 18 months...
The Bank of England has announced plans to let non-bank payment firms hold reserves at the central bank, as well as enabling access to the country’s new real-time fund transfer infrastructure via...
The UK’s financial regulator has revealed details about its preparations for new EU rules on secure customer authentication (SCA) — confirming that the September deadline will have to be swept...
On June 12, 2019, UK Finance issued the UK Payments Market Summary 2019 report and announced that the banking and finance industry will commit to helping local communities ensure appropriate free...

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