Tag: APP fraud
The Payment Systems Regulator (PSR) is progressing in its fight against APP fraud by introducing two consultations.
The UK's PSR has unveiled plans to establish a maximum reimbursement level of £415,000 for victims of APP fraud.
A recent whitepaper released by Resistant AI discussed why authorised push payment fraud (APP) is the greatest threat to FinTechs today.
The Payments Association has expressed concerns over the UK's proposed measures to address fraud which totalled £485m in 2021.