Consumer Reports (CR) found that none of the four major apps —Zelle, Venmo, Cash App and Apple Cash — fully reimburse users ...

A new DoubleVerify report reveals an alarming rise in AI-powered fraudulent apps, with fake iOS and Android apps slipping past official review systems. These malicious apps use AI to create convincing ...

£173m returned to APP fraud victims in first year of new reimbursement rules - APP scams happen when someone is tricked into sending a payment.

Bad apps can be hiding in the place you least expect and that’s exactly what happened with 224 malicious apps that were recently removed from the Google Play Store following the discovery of a massive ...

MIAMI--(BUSINESS WIRE)--Authorized Push Payment (APP) scam losses are on the rise and expected to climb to $6.8 billion — a combined compound annual growth rate (CAGR) of 11% — by 2027 across six ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. More than 15 million people and businesses in the UK - ...

It all begins with a seemingly harmless ad on Facebook. "Free stock tips via WhatsApp,” reads Mia Hofer on her smartphone. Above it is the logo of a popular German neobroker called Trade Republic. The ...

As BEC fraud escalates across UK financial services, authorised push payment reimbursement rules and evolving regulatory expectations are forcing banks, PSPs and legal service firms to rethink ...

UK banks reimbursed customers who fell victim to authorised push payment (APP) scams to the tune of £173m last year, according to payments regulator. The latest figures from the Payment Systems ...

The new CBN fraud rules introduce a simple but important message: report suspicious transfers immediately. On November 26, the Central Bank released draft guidelines for handling Authorised Push ...