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
What is Open Banking? Open Banking was born through a series of reforms called for by the competition watchdog in the UK, the Competition and Markets Authority (CMA). In
Think back to early 2022, to the time when there was quite a spat between two of the world’s largest corporate entities, and let’s recap on what led to
The History of SCA Authentication of any ecommerce transaction using traditional methods has had its limitations in the past. The use of a password or other authentication methods such
