The intersection of advancing technology and payment systems gives rise to increased fraud risks.Payment fraud is on the rise, notably in ecommerce, with a substantial portion…
Browsing: fraud prevention
Digital IDs could revolutionize fraud prevention in the UK, saving up to £600 million annually.The Centre for Finance, Innovation and Technology (CFIT) advocates for digital identification…
ClearBank’s CEO, Charles McManus, calls on Meta to enhance fraud prevention by deleting fake accounts.The banking sector invests significantly in fraud controls, highlighting the need for…
Revolut is set to enhance its fraud prevention measures, potentially delaying payments to safeguard users.The fintech firm will update terms allowing for transaction suspensions on suspected…
O2 has rolled out an innovative AI ‘Granny’ to combat phone scammers, drawing on high-tech and real scambaiter content.The lifelike AI, named ‘Daisy,’ engages scammers by…
A recent study highlights significant fraud concerns among UK corporate leaders, with a focus on employee vulnerabilities.Nearly two-thirds of decision-makers in large UK businesses fear employees…
Revolut, a major fintech in London, is gearing up for growth with plans for new acquisitions.Despite tough economic times, Revolut positions itself as a standout with…
Fraud and financial crime are increasingly seen as major threats by UK businesses, with rising concern among decision-makers.A recent survey revealed that 58% of key decision-makers…
The decision by the Payments System Regulator (PSR) to reduce the Authorised Push Payment (APP) fraud cap has sparked significant concern.Banks previously had a strong financial…
British journalist Martin Blackham lodges a complaint against Barclaycard, alleging anti-Semitism tied to a credit card dispute.Blackham claims the credit limit restriction endangers his safety while…