23 May 2019

Latest articles for UK Finance


Which?: APP losses are 'spiralling out of control'

22 May 2019  |  2941 views  |  0 News

Ahead of the introduction of a new voluntary code to reimburse customers who fall victim to authorised push payment (APP) fraud, consumer group Which? says that losses from money transfer scams are 'spiralling out of control', with £674 per minute drained from consumer accounts.


Businesses lose £93m to invoice scams in 2018 but four in ten unaware of risk

25 March 2019  |  2941 views  |  0 Company announcement

Over four in ten businesses in the UK are unaware of the risks posed by invoice fraud, despite these scams costing firms almost £93 million in 2018, research by UK Finance has revealed.


Criminals stole £1.2 billion from UK bank accounts in 2018

25 March 2019  |  2909 views  |  0 Company announcement

The finance industry prevented £1.66 billion of unauthorised fraud during 2018, effectively stopping £2 in every £3 of attempted unauthorised fraud, according to the latest report, Fraud the Facts 2019, from UK Finance


UK embraces contactless payments

15 March 2019  |  10403 views  |  3 News

Total UK contactless spending rose by nearly a third last year to £69 billion, with tap and pay now accounting for more than 40% of all card transactions, according to industry figures.


UK Finance launches online guide to ethics in banking

28 February 2019  |  1960 views  |  0 Company announcement

‘Ethics in Banking and Finance’ – a new online guide launched by UK Finance, the trade body representing the banking and finance industry, in partnership with law firm Linklaters, provides firms and individuals operating in the sector with key reference points for governance, strategy and decision-making informed by ethical principles.


The numbers don't add up: universal provision of access to cash called into question

14 February 2019  |  4033 views  |  6 News

The UK's Treasury Committee has called for urgent action to prevent the collapse of access to cash as ATM numbers drop and bank branches disappear from the high street.


UK Finance responds to APP Steering Group consultation

23 January 2019  |  4716 views  |  0 Company announcement

Responding to the publication of the consultation responses by the Authorised Push Payments Steering Group on its draft Voluntary Code, Stephen Jones, Chief Executive of UK Finance said:


Crosswell and Parsons join UK Finance board

17 December 2018  |  2978 views  |  0 Company announcement

UK Finance has today announced the appointment of Charlotte Crosswell, CEO, Innovate Finance, and Mark Parsons, Chief Executive Officer and Executive Director, Coventry Building Society, to its Board.


UK consumers get clearer current account information

15 November 2018  |  816 views  |  0 Company announcement

From today, consumers will be able to compare clearer and more consistent information about the additional services current account providers offer all customers, including those in potentially vulnerable circumstances, after a voluntary commitment made by the finance industry comes into action.


UK Finance proposes payments tax to compensate fraud victims

10 October 2018  |  10333 views  |  25 News

Banking lobby UK Finance has floated the idea of imposing a universal tax on funds transfers which banks could dip into to compensate victims of push payments fraud.

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