54 Results from /payments, "UK Finance"
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The UK saw a slight dip in financial fraud losses in 2022, to £1.2 billion, driven by a 17% fall in authorised push payment (APP) losses.
11 May 2023
The UK's top banks have clubbed together to pay for the development of shared banking hubs across the country.
20 December 2022
UK Finance has re-iterated its call for cross-sector action to tackle criminal gangs perpetrating large scale fraud in the UK, as figures for the first half of 2022 show that a total of over £609.8 million was stolen through scams.
13 October 2022
A new UK Finance Payment Markets report finds Faster Payments volumes increased by 23% to 3.6 billion from 2020 to 2021. The report looks at the latest payment trends from 2021 and forecasts up to 2031.
19 August 2022
The lifting of the limit on contactless payments to £100 in the UK has led to a surge in tap-and-pay transactions, as consumers use the touchless checkout method to pay for higher value items.
17 March 2022
Losses to authorised push payments fraud topped card fraud for the first time in H1 2021, acccording to new figures from UK Finance.
22 September 2021
Figures from UK Finance show that the British public are sitting on piles of loose change worth an estimated £50 million.
03 September 2021
Brits will be able to make contactless payments of up to £100 from 15 October, UK Finance has confirmed.
27 August 2021
During 2020 the number of contactless payments made in the UK increased by 12% to 9.6 billion payments, with the pandemic driving a mass-market switch away from physical cash.
16 June 2021
Thousands of supermarket and shops around the UK have signed up to a cash-friendly pledge from consumer champion Which?, guaranteeing that they will continue to accept notes and coins as an alternative to digital payments.
13 May 2021
The amount of money lost to victims of authorised push payments fraud in the UK rose to £479 million in 2020, as criminals used the Covid-19 pandemic to target people online.
26 March 2021
UK Trade organisations, consumer groups and a senior MP have joined forces to call on the UK government to reverse its decision not to include online scams in its new 'Online Harms' bill.
12 March 2021
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