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UK Losses to APP Scams Are Surging — What Can Banks Do?

FICO

FICO has just published my new Q&A on the topic of APP scams , and how a combination of converged fraud and compliance infrastructure, along with advanced authentication measures, are powerful scam-fighting solutions. Here’s a preview: Q: Why is the UK a hotbed of APP scam activity?

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Fraud: What Is the Contingent Reimbursement Model?

FICO

The Contingent Reimbursement Model (CRM) is a UK payments industry initiative designed to reimburse victims of authorised push payment fraud (APP fraud). As the Which Super Complaint points out, with APP fraud UK consumers and businesses have been left unprotected, compared to other payment methods.

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UK Losses to APP Scams Are Surging — What Can Banks Do?

FICO

FICO has just published my new Q&A on the topic of APP scams , and how a combination of converged fraud and compliance infrastructure, along with advanced authentication measures, are powerful scam-fighting solutions. Here’s a preview: Q: Why is the UK a hotbed of APP scam activity?

Scams 40