UK payment firms urge next government to make tech giants refund fraud victims banking UK payment firms have issued an election day plea for the next government make tech giants liable for the reimbursement of scam victims in a bid to alter new rules that place the burden on the financial sector.
UK payment firms warn new fraud refund rules could ‘freeze’ systems in October Fraud The UK’s payments watchdog is under growing pressure from the firms it regulates to rethink new fraud refund rules that industry chiefs say could wreak havoc for both companies and consumers.
UK payment firms urge regulator to delay controversial fraud refund rules Fraud Firms have urged the UK payments regulator to delay fraud reimbursement rules following growing criticism of the measures and the recent departure of the watchdog's head.
Brits lost more than £1bn to fraudsters last year as purchase scams hit record high May 22, 2024 Brits lost more than £1bn to fraudsters last year, new figures show, as purchase scams surge to a new record and social media firms face tough questions over the high levels of fraud originating on their platforms.