UK Finance

144 results about this entity

Period: 02 Jan 2002 - 01 Aug 2024

/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.

/crime

Money mule recruiters targeting 'Generation Covid'

Money mule recruiters are posting fake adverts on job websites and social media to lure in young people looking for work or easy money during the Covid-19 pandemic, say UK Finance and Cifas.

/regulation

Competition watchdog launches consultation on future of Open Banking in the UK

The Competition and Markets Authority (CMA) has launched a consultation on the future governance of Open Banking in the UK.

/retail

UK Finance sets out future model for Open Banking

Banking industry trade body UK Finance has set out detailed proposals for a new service company to replace the Open Banking Implementation Entity.

/payments

Banks push for UK to increase contactless limit to £100

In the wake of Brexit, banks are pushing the UK government to increase the contactless payments limit to £100, breaking with an EU cap of £45.

/payments

Contactless payments accounted for 62% of all UK debit card transactions in August

Data published today by UK Finance reveals that contactless payments by debit card reached record levels in August, accounting for 62 per cent of all debit card transactions.