Payments:Unpacked

Payments:Unpacked

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Payments:Unpacked
Payments:Unpacked
Close fraud; open banking

Close fraud; open banking

Issue 546 | 17 November 2023

Nov 17, 2023
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Payments:Unpacked
Payments:Unpacked
Close fraud; open banking
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Fraud, a persistent problem

APP fraud remains a significant challenge for the UK payments industry, with consumers feeling a lack of tangible change since the onset of fake Post Office/HMRC messages during the pandemic. Despite efforts to curb fraud, annual figures persist at alarmingly high levels, showcasing the relentless creativity of fraudsters in t…

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