PSR highlights progress on fraud reimbursement and payment security
The UK’s fight against payment fraud has advanced significantly over the past year, with victims of Authorised Push Payment (APP) scams receiving £243 million in reimbursement by the end of 2025, according to the Payment Systems Regulator’s (PSR) latest annual report. The regulator says its work over the past 12 months has focused on strengthening […]
Online payment fraud losses to hit $91bn by 2028
Merchant losses from online payment fraud will exceed $362 billion globally between 2023 to 2028, with losses of $91 billion alone in 2028 as new technologies such as AI begin to be felt in the market. That’s according to a new report for ResearchAndMarkets, which analyses the repercussions of the surge in alternative payment methods, […]