Liane Atcheson’s Post

Fast payments can help consumers improve their cash flow, but the speed and irrevocability of these payments also make them a target for fraudsters seeking to commit authorized push payment (APP) scams. My latest Payments System Research Briefing discusses measures that fast payment system operators and participating financial institutions can adopt to combat APP scams in fast payment systems. https://lnkd.in/gNXnjzX6

🔍 The latest figures released by the Payment Systems Regulator (PSR) provide valuable insights into the performance of payment firms in combating Authorised Push Payment (APP) scams and reimbursing victims in 2023. 📊 In its second annual report, the PSR presents data on three key areas: 1️⃣ Reimbursement to victims 2️⃣ Money sent from victims' accounts by each payment firm due to APP scams 3️⃣ Money received into fraudsters' accounts by each payment firm as a result of APP scams The report offers a comprehensive overview of the efforts and effectiveness of major banking groups in Great Britain and Northern Ireland.

🔍 The latest figures released by the Payment Systems Regulator (PSR) provide valuable insights into the performance of payment firms in combating Authorised Push Payment (APP) scams and reimbursing victims in 2023. 📊 In its second annual report, the PSR presents data on three key areas: 1️⃣ Reimbursement to victims 2️⃣ Money sent from victims' accounts by each payment firm due to APP scams 3️⃣ Money received into fraudsters' accounts by each payment firm as a result of APP scams The report offers a comprehensive overview of the efforts and effectiveness of major banking groups in Great Britain and Northern Ireland.

🔍 The latest figures released by the Payment Systems Regulator (PSR) provide valuable insights into the performance of payment firms in combating Authorised Push Payment (APP) scams and reimbursing victims in 2023. 📊 In its second annual report, the PSR presents data on three key areas: 1️⃣ Reimbursement to victims 2️⃣ Money sent from victims' accounts by each payment firm due to APP scams 3️⃣ Money received into fraudsters' accounts by each payment firm as a result of APP scams The report offers a comprehensive overview of the efforts and effectiveness of major banking groups in Great Britain and Northern Ireland.

🔍 The latest figures released by the Payment Systems Regulator (PSR) provide valuable insights into the performance of payment firms in combating Authorised Push Payment (APP) scams and reimbursing victims in 2023. 📊 In its second annual report, the PSR presents data on three key areas: 1️⃣ Reimbursement to victims 2️⃣ Money sent from victims' accounts by each payment firm due to APP scams 3️⃣ Money received into fraudsters' accounts by each payment firm as a result of APP scams The report offers a comprehensive overview of the efforts and effectiveness of major banking groups in Great Britain and Northern Ireland.

📢 Coming Soon: New Whitepaper on APP Fraud in Cross-Border Payments! In a few weeks, The Payments Association’s Cross-Border Working Group, supported by Payall Payment Systems, Inc., will release a comprehensive whitepaper exploring how APP (Authorised Push Payment) fraud is reshaping the global payments ecosystem. 🌐 Learn about the scale of APP fraud and the challenges payment businesses operating across borders are faced with when trying to tackle it. 🔎 Some of the key challenges include: • The complexity of international payment systems • The lack of standardised regulations across regions • The involvement of multiple intermediaries preventing fund recovery Pre-register for the report here – https://lnkd.in/e7hMmyuw Gary Palmer Dr Nicola Harding Graham Ridley Martin Low Pavel G. Toby Evans #Payments #CrossBorder #APPfraud

Big challenges are coming up for payment service providers in the UK. With mandatory reimbursement for Authorized Push Payment (APP) scams, banks will be tested to find the right balance between security and user experience. Learn more from Jonathan Frost about the future of friction in payments: https://okt.to/eGREd6 #RiskManagement #UserExperience #BankingIndustry

Big challenges are coming up for payment service providers in the UK. With mandatory reimbursement for Authorized Push Payment (APP) scams, banks will be tested to find the right balance between security and user experience. Learn more from Jonathan Frost about the future of friction in payments: https://okt.to/G96Bo4 #RiskManagement #UserExperience #BankingIndustry

Big challenges are coming up for payment service providers in the UK. With mandatory reimbursement for Authorized Push Payment (APP) scams, banks will be tested to find the right balance between security and user experience. Learn more from Jonathan Frost about the future of friction in payments: https://okt.to/5H0nzG #RiskManagement #UserExperience #BankingIndustry

Big challenges are coming up for payment service providers in the UK. With mandatory reimbursement for Authorized Push Payment (APP) scams, banks will be tested to find the right balance between security and user experience. Learn more from Jonathan Frost about the future of friction in payments: https://okt.to/dpneyH #RiskManagement #UserExperience #BankingIndustry