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Unveiling digital fraud: Insights into scam trends and prevention in the UK payment sector

The Payments Association

Unveiling digital fraud: Insights into scam trends and prevention in the UK payment sector January 3 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? An examination of authorised push payments (APP) scams in 2023, their impact on victims, and the platforms most exploited. Why is it important?

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Unveiling digital fraud: A deep dive into scam trends and crime prevention in the UK payment sector

The Payments Association

Unveiling digital fraud: Insights into scam trends and prevention in the UK payment sector January 3 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? An examination of authorised push payments (APP) scams in 2023, their impact on victims, and the platforms most exploited. Why is it important?

Scams 88
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Paddle to pay $5m to settle FTC tech support scam claims

Finextra

Home News Regulation Paddle to pay $5m to settle FTC tech support scam claims Editorial This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

FTC 64
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Decoding the FCA’s Safeguarding reforms: Practical steps for payments and E-money firms

The Payments Association

Introduction of resolution packs : These packs must include essential documents and information that would facilitate swift action during insolvency, reducing delays in fund distribution to customers. These measures will not only facilitate compliance but also position firms as leaders in safeguarding standards within the industry.

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APP fraud: Mid-year review

The Payments Association

The early impact of the UK’s mandatory reimbursement policy for authorised push payment (APP) scam victims, implemented in October 2024. Authorised push payment (APP) scams remain one of the most devastating forms of financial fraud affecting UK consumers. Why is it important?

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Fraud unveiled: Key takeaways from merchant roundtable discussion

The Payments Association

Mark McMurtrie (TPA) opened the session by presenting data showing how fraud tactics have shifted from physical card theft to more sophisticated digital scams. Instead, it encompasses increasingly complex schemes that exploit systemic gaps, from first-party fraud to sophisticated AI-driven scams.

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Creditinfo Launches KYC Fraud Solution to Combat $5trillion Global Financial Crime Problem

The Fintech Times

According to the 2024 Nasdaq global financial crime report, fraud scams and bank fraud schemes alone cost have cost businesses across the globe $485.6billion. The post Creditinfo Launches KYC Fraud Solution to Combat $5trillion Global Financial Crime Problem appeared first on The Fintech Times.