Three ways APP mandatory reimbursement can work for PSPs and victims of fraud and scams
New rules mandate automatic reimbursement for APP fraud victims, raising concerns about industry costs and fraud exploitation.
October 21, 2024
New rules mandate automatic reimbursement for APP fraud victims, raising concerns about industry costs and fraud exploitation.
Tide has partnered with Adyen to enable small businesses to accept contactless payments using only an iPhone and the Tide app, eliminating the need for payment terminals.
A new fscom report analyses compliance challenges in financial services, highlighting improvements and ongoing areas of regulatory non-compliance.
Visionary leadership is crucial for driving innovation and navigating the rapid changes in the payments industry.
A new BDO report highlights challenges in attracting talent and concerns over remuneration for non-executive directors.
The PSR has lowered the APP fraud reimbursement cap to £85,000, raising concerns over fraud prevention
PEXA collaborates with Metro Bank to enhance the remortgaging process, aiming for faster completions and increased transparency for customers and brokers.
A surge in current account switching is being driven by cash incentives, economic pressures, and the rise of digital banking.
Flawed assumptions in CBDC designs around accounts, wallet control, and privacy call for a more innovative, privacy-focused approach.
BVNK has introduced Customer Virtual Accounts, enabling fintechs and payment service providers to facilitate EUR, GBP, and stablecoin payments on a unified platform.
MyGuava has partnered with Queens Park Rangers to offer exclusive fan cards, featuring physical and virtual options with cashback rewards and other benefits.
The card payment industry must adapt to technological disruption, competition, and evolving consumer behaviours to stay competitive.
Traditional banks must modernise their tech stack to stay competitive with fintechs and meet shifting consumer expectations.
Ripple has begun beta testing its stablecoin, Ripple USD (RLUSD), on the XRP Ledger and Ethereum, with plans to expand to other blockchains, focusing on security and reliability before full release.
Merchants face new challenges as payment innovations like open banking and tokenisation reshape the industry.
Lucinity’s new US patent enables secure sharing of AI insights between financial institutions, with the aim of improving global crime detection while protecting data privacy.
Webinar: Join Linklaters LLP to learn how upcoming FCA safeguarding rule changes will impact payments firms on Wednesday, 2 October 2024, at 2:00 pm BST.
Paytently unveiled its new branding at the SBC Summit, highlighting its innovation and investment in streamlining the payment process.
Tasc is an automated back-office platform that streamlines KYB/KYC, transaction monitoring, and dispute management for faster and more scalable operations.
Linklaters LLP will host a webinar on 2 October 2024, covering upcoming FCA safeguarding rule changes for payments firms.
Despite the growth of digital payments, cash use is rising in the UK, supported by emerging cashtech innovations.
The Combatting APP Fraud report outlines how upcoming PSR rule changes will drive banks to adopt inbound transaction monitoring and collaborative intelligence.
Self-checkout systems reduce wait times, boost efficiency, and enhance customer experience, becoming essential in modern retail.
Algbra Labs’ fintech-as-a-service (FaaS) simplifies building digital financial platforms, cutting costs and time, as seen with Standard Chartered’s Shoal.
DigiDoe revolutionises global payments with AI-powered fraud prevention, multi-currency solutions, and simplified compliance for secure, efficient business growth.
The merged R&D tax credit scheme in April 2024 introduces new rules for contracted-out R&D, benefiting larger businesses but requiring careful planning and documentation.
Navigating the challenges of payments, open banking, and compliance in a changing financial landscape.
Rising maintenance costs in social housing, driven by damp remediation and regulations, are pushing providers to adopt preventive strategies and modernisation.
Blockchain is transforming digital payments with faster, more secure, and transparent transactions, driving mainstream adoption and new applications.
The new Reimbursement Claims Management System (RCMS) aims to simplify APP fraud claim processing, enhance PSP cooperation, and ensure adherence to updated compliance standards
How open banking can reshape finance, enabling personalised services, streamlined verification, and improved fraud detection.
New SEPA regulations in 2024 will require instant payments, fee parity, and improved fraud prevention, posing compliance challenges for financial institutions.
Latham & Watkins has launched the Markets in Crypto-Assets Regulation Tracker, an online tool providing crypto businesses with up-to-date information on navigating the evolving MiCA regulatory framework.
The challenges financial institutions face under SEPA Instant Credit Transfer regulations and explores how advanced technologies can help overcome them.
Chargebacks911 appoints fintech veteran Mike Elliff as Chief Revenue Officer and EMEA CEO to drive global expansion and tackle rising post-transaction fraud.
Central bank digital currencies (CBDCs) could transform cross-border payments by reducing costs, improving efficiency, and enhancing transparency.
The FCA’s latest guidance proposes a risk-based approach allowing payment service providers to delay outgoing payments to combat APP fraud, balancing fraud prevention with consumer protection.
Paymentology’s cloud-first card issuing platform supports ChitChat growth journey in Zambia and beyond
Open banking enhances financial convenience and transparency, but security depends on using regulated providers and careful data sharing.
Firms throughout the payments world have set net zero targets and put decarbonisation at the centre of new sustainability strategies. But what is actually being done?
Payabl. has launched its new cloud-based, API-first Payment Accounts solution, enabling businesses to streamline financial management, reduce transaction fees, and facilitate instant, multi-currency settlements across borders.
As the threat of quantum computing looms, how can the payments industry safeguard against the quantum decryption capabilities that could undermine global financial security?
Central bank digital currencies (CBDCs) are exciting many in the digital assets world, but what can these mean for those who are less engaged and on the fringes of financial services altogether?
The Financial Crime 360 survey reveals how the industry is tackling evolving threats like AI-driven fraud, emphasising the need for collaboration, innovation, and updated regulations to effectively combat financial crime in 2024.
As the cross-border payments industry contends with de-banking and stringent regulations, can emerging technologies and alternative solutions pave the way for a more efficient and accessible global payments landscape?
Trust frameworks are the cornerstone of a secure and competitive open finance ecosystem, ensuring safe data sharing and fostering innovation across the financial services landscape.
As banks migrate to the cloud, they must strengthen security with AI, zero-trust, and continuous education to combat growing cyber threats.
Trust Payments provides businesses with secure, modern payment solutions to adapt to evolving fintech trends such as digital wallets and mobile payments.
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