Tag: UK Finance
How the coronavirus led to a the UK upping the contactless...
Britain is increasing the spending cap for contactless payments from £30 to £45 from April 1 to help people cope with the coronavirus outbreak. However, the move may increase the risk of fraud.
Losses from APP fraud increases in 2019
While the banking and finance industry prevented more than £1.8bn in fraud during 2019 in the UK, the amount lost through authorised push payments (APP) scams increased to £465m.
The UK’s finance industry prevented a total loss of £1.66bn in...
The UK’s finance industry prevented a total of £1.66bn in fraud during 2018; however, £1.2bn was still stolen by criminals during the same period, a new study from UK Finance finds.
UK to stay in SEPA following a no-deal Brexit
The European Payments Council Board has accepted an application which will enable UK Payment Service Providers to continue in the Single Euro Payment Area (SEPA) schemes.
UK Finance has released ethical guidelines for banking and finance
UK Finance, which claims to be a collective voice for the banking and finance industry, has issued its guidance around ethical principles and compliance in the sector.
