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.

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Caps Fraud Prevention Fraud Detection Scams 88

Neopay

SEPTEMBER 11, 2024

Alongside this announcement, the PSR has also published a consultation on high-value APP fraud cases, focusing on reviewing and possibly revising the reimbursement cap for victims of APP scams. This issue is key in demonstrating why stronger protections beyond transaction limits are necessary.

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Caps Consulting Scams Fraud Prevention 52

Fintech News

JANUARY 2, 2024

YouTrip users can now hold up to S$20,000 in their wallets, a significant jump from the previous S$5,000 limit, and have access to an annual spending limit of S$100,000, previously capped at S$30,000. Alongside the increased limits, YouTrip has also introduced several anti-scam measures.

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Caps Multi-Currency Transaction Limits Scams 89

PYMNTS

NOVEMBER 23, 2018

With the new policies, changes include lowering the transaction limits on the sale of store-branded gift cards. At the same time, the changes also dictate that store-branded gift cards can’t be redeemed for other gift cards and place a cap on the amount of money that can be added to the cards.

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Federal Trade Commission Scams FTC Transaction Limits 62

Fintech News

OCTOBER 27, 2024

FIs and PSPs must also send real-time alerts for high-risk actions, such as new device logins, contact detail changes, transaction limit increases, and the addition of new payees, allowing consumers to respond swiftly to suspicious activity.

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EBizCharge

NOVEMBER 12, 2024

Some providers offer aggregated accounts, which may be suitable for smaller businesses, while others require dedicated merchant accounts, which are typically beneficial for larger transaction volumes or businesses needing greater control over funds. Is there a transaction cap? What’s the approval process like?

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Stax

JUNE 27, 2024

Global ACH is available but only for bank-to-bank networks Wire transfers have no geographic limitations. Here are some common uses of wire transfer: Large transactions – While most financial institutions have a cap on the maximum amount for wire transfers, the limit tends to be high.

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