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The U.K. has been expe <a href=https://www.stanleycups.pl>stanley kubek</a> riencing a widespread payments fraud epidemic in recent years.Authorized push payment  APP  fraud, for example, increased 40% between 2020 and 2021 and amounted to 拢583 million  $706 million  in losses in 2021, nearly half of the 拢1.3 billion  $1.57 billion  lost to overall fraud incidents that year, per UK Finance.According to Kate Frankish, chief business development officer and anti-fraud lead at Pay.UK, that type of scam in which criminals trick a person or business into sending money into a fraudsters account can be particularly difficult to identify, especially for financial institutions  FIs . From a banks perspective, it looks like a real payment, because the customer authorized it using all of their credentials. But <a href=https://www.stanleycups.co.nz>stanley thermos</a>  its either going to an account that doesnt belong to them or its going to a real person who has been scammed out of the money,  she told PYMNTS in an interview.For Pay.UK, which is the recognized standards body for the U.K.s national retail payment schemes, 鈥?the Bacs Payment System, the Faster Payment System and the Image Clearing System for checks 鈥?Frankish said tackling this epidemic is at the heart of its work to ensure these systems are safe and secure for users.This includes looking at how technology, such as using artificial intelligence  AI  and machine learn <a href=https://www.stanley-cups.it>stanley italy</a> ing, can be used to assess patterns and help FIs with real-time risk scores which they can then leverage to make better decisions when helping their customers.The paymen Acgg Lawmakers Ask FTC To Regulate Apps
http://pymnts/wp-content/uploads/201 <a href=https://www.stanleycup.fr>stanley quencher</a> 5/12/Creditcall-Podcast.mp3Whether it   from the consumer, merchant or issuer聽perspective, streamlining the payment process lies at the core of any payment innovation.But as聽David Butler, Creditcall  聽new VP of Operations, summarized in an interview with MPD CEO Karen Webster on week two of his new role: innovation just for innovation   sake isn ;t true innovation.That was the case at MasterCard, where Butler was a VP and聽Product Manager for MasterCards API platform on the emerging payments team. And he believes it should be true for any c <a href=https://www.stanleycups.us>stanley website</a> ompany. And as Butler knows, there isn ;t one avenue to achieving innovation and new solutions. His background alone speaks to that.Butler joined Creditcall in November 2015 to advance the companys international growth as the demand for more secure payment solutions rise.聽Creditcalls remit is to enable any payments method via any payments channel or device. EMV is a core competency.Butler has聽16 years under his belt as a senior engineer officer in the Royal Air Force in the U.K., and he also worked as a consultant for both the U.K. government and then for JPMorgan Chase. He founded聽Laborotech and then went on to be a mobile application and emerging technologies manager. He even worked with a small Silicon Valley startup.And what he   taken away from his many years in the tech/payments space is that innovation in payments is anything but simple. 8 <a href=https://www.stanleycups.us>stanley shop</a> 220;It   difficult t
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