The Payments Association

JULY 18, 2025

Growing dependence on third-party cloud, fraud detection, and payment platform providers raises systemic risk as firms are responsible for ensuring those vendors meet resilience standards. Following the removal of EU-wide caps after Brexit, issuers raised IFs from 0.2% to 1.15% (debit) and 0.3% 0.6%) is appropriate.

Regulations 88

Regulations Payments Payment APIs and Integration Legal 88

The Payments Association

OCTOBER 14, 2024

The Payment Systems Regulator’s decision to lower the cap for APP fraud reimbursements to £85,000. It affects how victims of fraud are compensated and how payment service providers (PSPs) approach fraud prevention. Regular reviews and updates of these measures are expected to adapt to evolving fraud tactics​.

Caps 88

Caps Fraud Prevention Fraud Detection Scams 88

The Payments Association

OCTOBER 22, 2024

As of October 7, all UK payment firms making use of the faster payment system (FPS) are required to refund fraud victims up to £85,000 within five days under new rules set by the Payment Systems Regulator (PSR). Further, it is unclear whether the rules address the complexities and evolving fraud tactics.

Rules 88

Rules Fraud Prevention Caps Deepfake 88

Stax

AUGUST 22, 2024

Identity theft, data breaches, and chargeback fraud are some of the most common types of risks. This is why you need robust fraud detection mechanisms and ensure that they are up-to-date. To mitigate some of the financial risks, you can look into retaining a portion of the funds and creating reverse accounts.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

Fintech News

JANUARY 21, 2025

Advanced systems strengthen fraud detection by analysing extensive datasets to identify anomalies, and build security and trust. Source: MAS However, the implementation of CBDCs requires careful planning to mitigate challenges such as cybersecurity risks and implications for monetary policy.

Stablecoins 111

Stablecoins FinTech Embedded Finance Financial Inclusion 111

The Fintech Times

SEPTEMBER 4, 2024

The UK’s Payment Systems Regulator (PSR) has announced a significant reduction in the maximum fraud reimbursement limit for authorised push payment (APP) scams, lowering it from £415,000 to £85,000 just weeks before new rules take effect in October. The post “Outrageous” or “Positive News”?

Regulations 59

Regulations Scams Caps Payments 59

Clearly Payments

FEBRUARY 12, 2024

Interventions such as countries putting caps on interchange fees and mandates for transparent pricing aim to foster competition and protect consumer interests. Interchange fees, a significant source of revenue for Visa and Mastercard, are subject to regulatory oversight.

Visa 105

Visa Payments Payment Networks Online and Mobile Banking 105

Stax

MARCH 14, 2024

ACH payments take up to three days to process and cost around 1% of the transaction with a $10 cap. Look for features such as tokenization, encryption, and payment fraud detection to protect sensitive payment data and mitigate fraud risks. Thus, it’s more secure. It’s also cost-effective.

B2B 88

B2B Process B2C Credit Cards 88

The Payments Association

FEBRUARY 17, 2025

High rolling reserves, volume caps, prolonged settlements, and excessive chargeback thresholds make scaling and market expansion difficult. Chargeback & fraud management: Identifies and manages high-risk transactions in real-time, helping forex platforms mitigate fraud and chargeback exposure.

Fraud Prevention 88

Fraud Prevention RTP Settlement Payments 88

The Payments Association

APRIL 14, 2025

Understanding whats coming allows payments firms to mitigate risk, meet compliance obligations, and capitalise on strategic opportunities in a shifting regulatory environment. ISO 20022 also unlocks improvements in fraud detection, regulatory reporting, and data analytics. Why is it important? What’s next?

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88