Industry associations GSMA and UK Finance outlined the ability of an API-delivered platform to battle authorised push payment ...

Vodafone pilot shows 30% improvement in scam detection through new API system developed with GSMA and UK Finance ...

LSEG has launched significant tools targeting fraud prevention across global banking systems. Fraudulent activities, especially authorised push payment fraud, are surging, prompting LSEG to act.

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This expansion represents a 200% increase in coverage since the mandate was issued and is expected to further increase daily check volumes by 7% ...

Oasis fans who have fallen victim to scams amid the rush to buy tour tickets have lost £346 on average, according to analysis ...

While many financial institutions have implemented robust prevention systems, less obvious vulnerabilities often remain ...

The GSMA’s Connected Fintech and Commerce community supports new initiatives, such as API development via GSMA Open Gateway, by providing a platform to explore mobile capabilities in areas such as ...

Previously, it was up to banks if they refunded customers who had been scammed, but in a "world first", they must now repay "authorised push payment" fraud victims up to £85,000, said BBC News.

After four hours of phone calls, Lee was out HK$570,000. Lee was the victim of a phone scam called Authorised Push Payment (APP) fraud. In Britain, a new law coming into effect on October 7 will ...

On 7 October, new rules kicked in forcing UK payment firms to refund victims of authorised push payment fraud up to a limit of £85,000 per claim. Fraudsters stole almost £600m from Brits in the ...

The amount lost to scams dropped in the first six months of the year, as fewer people fell for 'authorised' payment scams where criminals persuade them to transfer money.