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102 Results from "UK Finance"

/regulation

Coalition urges UK government to add scams to Online Safety Bill

UK Finance, Which?, and City of London Police are among a host of organisations to sign on to a letter calling for the government to include online scams in its new 'Online Safety' bill.

/security

Banks to be given autonomy in reimbursing APP fraud victims

UK Finance has announced a change to the process of reimbursing ‘no blame’ cases of authorised push payment (APP) scams, bringing in a process which enables signatory banks to individually pay back cases rather than through a shared central pot.

/security

APP fraud continues to rise as criminals target bank customers online

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.

/crime

Clamour grows to add financial scams to UK 'Online Harms' bill

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.

/crime

Money mule recruiters targeting 'Generation Covid'

Money mule recruiters are posting fake adverts on job websites and social media to lure in young people looking for work or easy money during the Covid-19 pandemic, say UK Finance and Cifas.

/regulation

Competition watchdog launches consultation on future of Open Banking in the UK

The Competition and Markets Authority (CMA) has launched a consultation on the future governance of Open Banking in the UK.

/retail

UK Finance sets out future model for Open Banking

Banking industry trade body UK Finance has set out detailed proposals for a new service company to replace the Open Banking Implementation Entity.

/payments

Banks push for UK to increase contactless limit to £100

In the wake of Brexit, banks are pushing the UK government to increase the contactless payments limit to £100, breaking with an EU cap of £45.

/security

UK sees sharp rise in impersonation scams as crooks exploit Covid-19

Bank trade association UK Finance is urging people to be aware of criminals exploiting Covid-19 after figures revealed a sharp rise in impersonation scams in the first half of the year.

/security

Police and banks to extend fraud prevention scheme to online and telephone banking

The Banking Protocol, a UK-wide scheme that enables bank branch staff to alert their local police force when they suspect a customer is being scammed, it to be extended to cover attempted bank transfers made by customers through telephone and online banking.

/regulation

UK Finance proposes new oversight model for Open Banking

UK Finance is proposing that the oversight of Open Banking functions should be moved to a new service company upon completion of the implementation roadmap in early 2021.

/payments

Eight UK communities to trial cash promotion schemes

Eight locations across the UK have been chosen to test solutions that will help communities retain free access to cash, as the nation shifts to an increasingly cashless society.