A ‘retry process’ that helps bank and building society customers avoid unpaid payment charges has saved them at least £200 million in the 12 months since its use was extended across the banking industry in September 2014.
The UK's much vaunted current account switching service is beginning to look like an expensive white elephant, as fewer consumers transferred their business in 2015 compared to the previous year.
Nearly two months ahead of the 1 February 2016 regulatory deadline which will require Eurozone Payment Service Providers (PSPs) to process SEPA payments using only the IBAN - rather than the BIC and IBAN as they are currently - Payments UK has launched a new tool to help these PSPs when sending SEPA payments to the UK.
Maurits Lucas, Business Manager for inTELL, the Cyber Intelligence team at FoxIT, explains the three layers of cyber intelligence (strategic, tactical, and operational), and the difference between automated and hybrid attacks.
Craig Rice, Director of Security, Payments UK, discusses how the banks and government are managing cyber security risks, and outlines the differences between cyber risk and technological risk.
Maurice Cleaves, Chief Executive, Payments UK, speaks about the company’s transition from the Payments Council, the most concerning aspects of cyber security, and if startups have a higher risk of cyber-attacks.
UK financial sector trade associations the British Bankers’ Association, the Council of Mortgage Lenders, Payments UK and the UK Cards Association could be brought together to create a single umbrella organisation for the industry under proposals put forward by a bank-backed review body.
More automated payments were made in the UK in 2014 than ever before, according to a new report published by Payments UK, the trade association for the growing payments industry.
Nicholas Witchell, Chair of Payments UK Cyber Security and Fraud Seminar, explains how important the topic of cyber security is to everyone and the value in bringing together the thinkers in this area to exchange information.
Payments UK has today (13 November 2015) launched a consultation to seek industry views on the recently published Code of Conduct for Indirect Access Providers.
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