UK Finance, a trade association for the UK banking and financial services sector, joined forces with Which?, a consumer advocacy group, to issue a compelling call to action in a letter addressed to the Chancellor of the Exchequer and the Home Secretary. This rare collaboration… Read More
Read more in: Fintech, Global | Tagged fraud, uk, uk finance, united kingdom, which?
NatWest, a major retail and commercial bank in the UK, will reportedly be letting clients set up their own daily digital bank transfer limits – which should help reduce the potential damage done by authorized payment push (APP) scams. NatWest, Royal Bank of Scotland and… Read More
Read more in: General News, Global | Tagged bank transfers, coronavirus, covid-19, digital banking, europe, fraudulent activities, natwest, online banking, scam, scams, uk, united kingdom, which?
UK-based consumer group Which? has asked local banking institutions and building societies to release figures on the number or percentage of clients they refund for authorized push payment (APP) fraud. APP scams have been increasing during the Coronavirus crisis, with losses reaching almost half a… Read More
Read more in: General News, Global | Tagged app, banking, barclays, building societies, europe, financial services, fraud, fraudulent activities, lending standards board, scam, scams, tsb, uk, united kingdom, which?
Thousands of UK supermarkets and other retail outlets have reportedly committed to a “cash-friendly” pledge from Which?, an expert testing, reviewing, and advice service. According to the terms of the pledge, retailers are guaranteeing that they will keep taking physical currency notes and coins as… Read More
Read more in: Fintech, General News | Tagged bank of england, british retail consortium, cash, Cash Payments, Cash Transactions, consumer behavior, coronavirus, covid-19, europe, fca, federation of small businesses, financial conduct authority, sarah john, uk, united kingdom, which?
UK Finance (a trade association for the UK banking and financial services sector that represents around 300 firms in the UK providing credit, banking, markets and payment-related services), Which? (an organization that reviews products and services, so that you “make the best purchase decisions” for your… Read More
Read more in: General News, Global, Politics, Legal & Regulation | Tagged europe, financial crime, fraud, fraudulent activities, internet scams, london, online safety bill, scam, uk, uk finance, united kingdom, which?
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