Vixio report reveals central banks and regulators worldwide implement divergent response strategies as payment scams evolve ...

Machine learning helps banks detect APP fraud by analyzing large transaction datasets faster. These AI models operate in near ...

APP fraud has been steadily increasing, with losses projected to reach around $3.08 billion by 2026. This reflects a significant increase from previous years. In response to this global challenge, ...

A woman was lured with a promise of high returns on her investment, and was made to register on ‘Anisha App', which is a fake trading app. The fraud began ... our Income Tax Calculator and ...

Under its original plans, which were set to come into force from 7 October, the PSR was going to bring in a mandatory pay-out limit to reimburse the losses of Authorised Push Payment (APP ...

Similarly, in the UK, most major banks and PSPs have implemented CoP to enhance payment security and reduce APP fraud," commented Nick Craig, head of Europe, ACI Worldwide. "Partnering with ...

The Payment Services Regulator (PSR) has set the maximum reimbursement limit for victims of authorised push payment (APP) fraud at £85,000. The limit applies from 7 October and brings it in line ...