UK Finance

149 results about this entity

Period: 02 Jan 2002 - 05 Nov 2024

/payments

Charities suffer as UK public hoards loose change

Figures from UK Finance show that the British public are sitting on piles of loose change worth an estimated £50 million.

/payments

Open Banking variable recurring payments hackathon open for applications

Leading brands in the world of open banking today announced an important new open banking challenge: The VRP Hackathon.

/payments

UK contactless limit to rise to £100 in October

Brits will be able to make contactless payments of up to £100 from 15 October, UK Finance has confirmed.

/payments

UK Payments Standards Strategy Group urges more co-ordination to reap benefits of tech challenges

In 2021, members of UK Finance outlined an ambitious ten-year strategy for the payments industry with the publication of the Future Ready Payments 2030 report.

/payments

Pandemic drives annual surge in A2A payments and contactless transactions in UK

During 2020 the number of contactless payments made in the UK increased by 12% to 9.6 billion payments, with the pandemic driving a mass-market switch away from physical cash.

/security

Police make multiple arrests in UK-wide crackdown on scam texts

Police have made eight arrests following a series of early morning operations targeting individuals suspected of sending out “smishing” texts.

/security

UK Finance: Over two thirds of all APP scams start online

UK Finance analysis of nearly seven thousand authorised push payment1 (APP) scam cases shows that 70 per cent of scams originated on an online platform2 — highlighting the internet’s significant role in enabling fraud.

/payments

UK retailers sign up to cash acceptance pledge

Thousands of supermarket and shops around the UK have signed up to a cash-friendly pledge from consumer champion Which?, guaranteeing that they will continue to accept notes and coins as an alternative to digital payments.

/regulation

Coalition urges UK government to add scams to Online Safety Bill

UK Finance, Which?, and City of London Police are among a host of organisations to sign on to a letter calling for the government to include online scams in its new 'Online Safety' bill.

/security

Banks to be given autonomy in reimbursing APP fraud victims

UK Finance has announced a change to the process of reimbursing ‘no blame’ cases of authorised push payment (APP) scams, bringing in a process which enables signatory banks to individually pay back cases rather than through a shared central pot.

/security

APP fraud continues to rise as criminals target bank customers online

The amount of money lost to victims of authorised push payments fraud in the UK rose to £479 million in 2020, as criminals used the Covid-19 pandemic to target people online.

/crime

Clamour grows to add financial scams to UK 'Online Harms' bill

UK Trade organisations, consumer groups and a senior MP have joined forces to call on the UK government to reverse its decision not to include online scams in its new 'Online Harms' bill.