Proliferation financing looks set to become a growing priority for financial institutions, as more governments and trade bodies follow the lead of the Financial Action Task Force (FATF) and turn...
On April 5, 2019, the Open Banking Implementation Entity (OBIE), in collaboration with UK Finance, published a document entitled "PSD2 Contingency Exemption Form Illustrative Answers - Publication...
Authorised push payment (APP) fraud losses rose by close to half again in the second half of 2018, with the UK’s faster payments system the tool of choice for criminals looking to whisk funds away...
The European Payments Council has announced that the UK will retain access to the Single Euro Payments Area (SEPA) even in the event of a no-deal Brexit, putting an end to months of uncertainty.
The UK’s top financial regulator has published the results of the pressure put on credit card firms over the last two years to reform their fee structures, cautioning them not to slip back into...
A financial industry framework to tackle particular types of fraud in the UK will come into effect in late May, it was announced late on Thursday, but the regulator has scrapped plans to implement...
A joint effort by UK police and the financial services industry prevented £94.5m of fraud and courts convicted 48 fraudsters on the back of its investigations last year, an industry group has...
The UK’s Payment Systems Regulator (PSR) has denied it has pushed back the deadline for banks to launch a “confirmation of payee” system, despite industry claims its introduction could be at least...
UK banks have called for support from regulators on slowing down payments as part of an anti-fraud strategy, as the sector readies itself for incoming new industry standards.
Money lost by UK citizens to romance scammers has soared over the past year despite wider industry anti-fraud efforts, as money transfer businesses remain conduits of choice for largely offshore...
UK Finance is the touting the success of its banking protocol scheme in preventing £38m of fraud in 2018, although consumer groups are highlighting the need for continued pressure on remote as well...
Banks in the UK have called on regulators to make clear how payment initiation service providers will fit into the upcoming voluntary industry code on thwarting authorised push payment (APP) fraud.
UK financial institutions are concerned that new guidelines on bank transfer fraud clash with existing payments regulations, while others fear the regime could result in unintended consequences for...
Leading industry groups in the UK have claimed that the Payment Systems Regulator’s (PSR) plans to tackle authorised push payment fraud by having a new "confirmation of payee" system operational by...
UK parliamentarians have handed the government its greatest defeat for nearly a century, voting overwhelmingly to reject the Brexit deal agreed between Prime Minister Theresa May and the EU.
UK industry insiders have downplayed fears that contactless card fraud is rocketing, after questions arose over the accuracy of alarming new figures that were widely reported over the weekend.

Pages