Confirmation Of Payee news and trends

Is the UK Brexiting From Instant Payments?
Faster Payments // March 21, 2024

It’s often said that history repeats itself. It’s hard to look at the current state of play regarding instant, or real-time, payments in the EU and U.K. right now and not think about that adage. Because right after the EU standardized an ambitious plan to...

Bottomline and Pay.UK Team on Fraud Prevention
Security & Fraud // July 17, 2023

Payments FinTech Bottomline has teamed with Pay.UK to help companies prevent fraud. The collaboration, announced Monday (July 17), sees Pay.UK — the recognized standards body for the U.K.’s national retail payment schemes — launching its Payer Name Verification service via Bottomline Payment Services. According to...

Pay.UK on Striking the Balance Between Fast and Friction in Stopping UK Fraud Epidemic
Security & Fraud // February 14, 2023

The U.K. has been experiencing a widespread payments fraud epidemic in recent years. Authorized push payment (APP) fraud, for example, increased 40% between 2020 and 2021 and amounted to £583 million ($706 million) in losses in 2021, nearly half of the £1.3 billion ($1.57 billion)...

UK Payment Regulator Expands Plan to Fight Authorized Push Payment Fraud
Security & Fraud // May 26, 2022

The U.K. Payment Systems Regulators (PSR) announced on Tuesday (May 24) that it will need to delay an important deadline for companies to comply with new requirements to fight authorized push payment (APP) fraud. However, the regulator is planning to expand the number of companies...

Interviews & Exclusives
Is the UK Brexiting From Instant Payments?

March 21, 2024
It’s often said that history repeats itself. It’s hard to look at the current state of play regarding instant, or real-time, payments in the EU and U.K. right now and not think about that adage. Because right after the EU standardized an ambitious plan to accelerate instant payments, the U.K. has countered with a proposal […]

Pay.UK on Striking the Balance Between Fast and Friction in Stopping UK Fraud Epidemic

February 14, 2023
The U.K. has been experiencing a widespread payments fraud epidemic in recent years. Authorized push payment (APP) fraud, for example, increased 40% between 2020 and 2021 and amounted to £583...

Quick Reads
Bottomline and Pay.UK Team on Fraud Prevention

July 17, 2023
Payments FinTech Bottomline has teamed with Pay.UK to help companies prevent fraud. The collaboration, announced Monday (July 17), sees Pay.UK — the recognized standards body for the U.K.’s national retail payment schemes — launching its Payer Name Verification service via Bottomline Payment Services. According to a news release, this will give businesses more assurance that […]