There's wisdom in the idea that faster payments means faster fraud. But the evidence wouldn't suggest that its opposite is even nearly true. Do slower payments slow down fraud? Maybe, but not by much. Consumer research we ran this autumn found that one in two UK adults have by now experienced some sort of payment scam or attempted scam. Despit...
30 December 2024
It’s been a busier year than usual for fraud teams at UK banks as they’ve grappled with significant regulatory change handed down on a tight deadline in an effort to stem the rising tide of payments fraud. Starting 7 October, every UK retail bank is required by the Payment Systems Regulator (PSR) to reimburse customers who lose money in proven inst...
14 October 2024 Fintech
Luke TriggCo-founder at Logical Construct
Ignacio JavierreCo-founder at HUBUC
Volodymyr KuiantsevCo-founder at AKURATECO
Rafal AndzejevskiCo-founder at PayAlly
Nasrullah PatelCo-founder at Peerbits
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