Predictions suggest payments processed each minute will hit nearly 80,000 by 2025...
With cyber offences and fraud already thought to account for nearly half of all crime, and financial scams a top three 2016 pre-election issue for consumers, it is unsurprising that tackling payment fraud is high on the agenda*.
It is against this backdrop, that we brought the industry together for a conference to examine the challenges in combating payment fraud, with a focus on authorised push payment fraud.
With insight from senior representatives at Which?, the Payment Systems Regulator and UK Finance as well as expert views from Emerging Payments Association Ambassador Neira Jones and Fountain Court Chambers QC Raymond Cox, this report summarises that conference and the main challenges and solutions discussed.
*See report for data sources.