Credit: Pungu x / Shutterstock The Payment Systems Regulator (PSR) has clarified the reasoning behind a review of its authorised push payment fraud (APP fraud) reimbursement policy. However, it has not confirmed…
Tag: APP
PSR may cut reimbursement rate but scale of APP fraud remains worrying
Credit: AntonKhrupinArt / Shutterstock The Payments Systems Regulator (PSR) is apparently going to water down its incoming rules around authorised push payment fraud (APP fraud) reimbursement. APP fraud is when customers authorise…
Amazon realising India digital payment boom with standalone app
credit: Shutterstock Amazon’s digital payment offering, Amazon Pay, is reportedly moving to its own app in a bid to take advantage of the digital payment boom that is taking shape in India. …
PSR stresses need for new rules after latest APP scam data
Credit: Shutterstock The Payment Systems Regulator (PSR) has announced that Authorised Push Payment (APP) scams totalled almost £341m in its second annual APP fraud performance report. The PSR report provides information on…
Bluechain – Request to Pay – The key to combating APP fraud
Authorised Push Payment (APP) fraud is quickly becoming one of the most prevalent fraud type attacks in the UK, with new measures from the Payment Systems Regulator coming into force in October…
NatWest integrates banking app for availability on Apple Vision Pro
credit: Shutterstock NatWest is one of the first banks to integrate its banking app for Apple Vision Pro users to harness the potential of augmented reality. The move intends to blend digital…
Cash App to end UK operations in September
Editorial credit: davide bonaldo / Shutterstock.com Cash App has announced it will cease operations in the UK as part of a broader strategic shift to focus on the US market. In a…
APP fraud a defining issue for new UK Economic Secretary
Credit: William Barton, Shutterstock Fraud has become an endemic problem affecting both customers and businesses across British society to the tune of millions of pounds. Various agencies have a role in prevention…
AWS App Studio targets challenges in payment industry
Editorial credit: Shutterstock.com Amazon has unveiled AWS App Studio, a generative AI-powered service designed to create enterprise-grade applications using natural language. AWS App Studio enables users to describe the application they need,…
UK finance watchdog cautious of trading app gamification
Credit: 3rdtimeluckystudio / Shutterstock The UK Financial Conduct Authority (FCA) is monitoring the use of game-like design features in trading apps, wary of the potential to drive risky trading. Following an online…