The UK banking sector is renowned for its stringent regulatory framework, but opinions are divided on whether these measures constitute excessive red tape or essential safeguards. Banking regulations affect
The Growing Need for SCA in an Evolving Fraudulent Landscape The rise of sophisticated fraud techniques has made securing online transactions a top priority in the ever-evolving world of
The Questionable Merchant Audit Program (QMAP) was developed by Mastercard to identify and manage merchants who might be involved in fraudulent or dishonest activities. It sets standards for merchant
What is APP Fraud? Authorised Push Payment (APP) fraud refers to a financial scam in which a fraudster tricks a victim into authorising a transfer of funds. The term
Protecting sensitive data from fraudsters is essential for the payment industry, and the One-Time Password (OTP) is a fantastic tool to help with this. Major card firms, including Mastercard,
Airline failures can cause significant distress for consumers and pose challenges for the banking sector, particularly in managing chargebacks. Such failures often result from declining revenues and rising costs.
The FOS: What is it? The Financial Ombudsman Service (FOS) is a free, independent service that helps settle disputes and complaints between consumers and financial service businesses in the
WHAT IS THE FCA? Based in London, and established in 2013, the Financial Conduct Authority (FCA) is a regulator that makes sure financial companies act fairly and protect customers.
WHAT IS THE PSR? The Payment Systems Regulator (PSR) is the economic regulator of the UK’s payment systems. Experts across the fields of policy, compliance, communications, economics, project management,
The Rise of Open Banking The growth of Open Banking has been a slow burner until now, but recently it has become one of the most talked-about innovations within
