The Payments Association

OCTOBER 14, 2024

The Payment Systems Regulator’s decision to lower the cap for APP fraud reimbursements to £85,000. The Payment Systems Regulator (PSR) recently announced a significant change to the cap for authorised push payment (APP) fraud reimbursements. Cath expresses several criticisms of the proposed changes to the APP fraud reimbursement cap.

Caps 88

Caps Fraud Prevention Fraud Detection Scams 88

Stax

JUNE 27, 2024

Global ACH is available but only for bank-to-bank networks Wire transfers have no geographic limitations. To initiate an ACH transfer, the originating bank account sends ACH instructions requesting the funds, which are transferred into the receiving account. Every transaction is submitted as part of a batch.

Wire Transfer 88

Wire Transfer Wire Wires ACH 88

Stax

MAY 2, 2024

For example, one lender might require you to maintain monthly credit card transactions worth $2500 while another might cap the minimum limit at $5000. The lender might deny your MCA application simply because you don’t meet the minimum number of credit card transactions.

Credit Cards 88

Credit Cards Small Business Finance Accounts 88

Fintech News

OCTOBER 27, 2024

The final framework includes the originally proposed duties and introduces a new fraud surveillance duty for FIs in response to public feedback. Responsibilities of FIs, PSPs, and Telcos in Combating Scams Under the SRF, MAS and IMDA have established specific duties for FIs, PSPs, and telcos, designed to directly combat phishing scams.

Phishing 134

Phishing Scams Blocks Authorization 134