The proposed Authorised Push Payment (APP) scam legislation from the Payment Systems Regulator (PSR) has put UK banks on high alert due to the recommended liability shift and reimbursement rules.
Nearly £250 million was lost to APP scams in the first half of 2022 in the UK alone. If the legislation is approved how much will be lost in 2023? How will the proposed liability splits work between the sending and receiving banks involved? Will the legislation have a knock-on impact on wider European banks further down the line?
James prides himself on being a fraud fighter. He is currently the Director of Product Solutions for behavioural biometrics leader BioCatch. He comes with more than 16 years of experience working in product and marketing teams. He has worked for...
Ronald leverages his extensive experience in payments & fraud to inform the structure and content of the site. Outside of About Fraud, Ronald consults regularly with merchants, payment service providers and fraud solution vendors. Before About...
Jonathan is an advisor specialising in payments, financial crime prevention, compliance and identity. He brings together both technical and commercial experience in his work.
Jonathan has a broad background in payments, networking and...