Confirmation of payee

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53% of APP victims were satisfied with their bank’s response

/crime

53% of APP victims were satisfied with their bank’s response

To mark International Fraud Awareness Week, Payments System Regulator (PSR) has released research on the impact of Authorised Push Payment (APP) fraud on UK consumers.

Confirmation of Payee reaches almost all transactions in the UK

/security

Confirmation of Payee reaches almost all transactions in the UK

Confirmation of Payee in the UK has been extended to cover almost 99% of all transactions made through Faster Payments and Chaps after more financial firms implemented the fraud-fighting protocol.

AFP: Fraud is the biggest painpoint for accounts payables automation

/wholesale

AFP: Fraud is the biggest painpoint for accounts payables automation

Kicking off the first day of AFP, the conference for finance and treasury professionals held in Nashville, Tennessee this year, Mike Watercott, CTP, working capital consultant, US Bank, led a discussion on striking the balance in payments with Andy Sullivan, vice president of channel sales, Bottomline and Cynthia MacGeagh, treasury manager, Clayton Homes.

New Zealand banks apply UK tech and experience for roll out of Confirmation of Payee

/security

New Zealand banks apply UK tech and experience for roll out of Confirmation of Payee

Banks in New Zealand have begun the phased roll out of Confirmation of Payee, using technology supplied by UK fintech obconnect.

Australia moves one step closer to roll out of Confirmation of Payee

/security

Australia moves one step closer to roll out of Confirmation of Payee

Australian Payments Plus (AP+) and the Australian Banking Association (ABA) have completed the design specs for a new national Confirmation of Payee service, providing another layer of protection against scammers.

CommBank halves customer scam losses

/security

CommBank halves customer scam losses

Australia's Commonwealth Bank says it has cut customer scam losses in half in FY24 through a combination of new anti-scam technologies, cross-industry collaborations and customer education.

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