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UK payments fraud regime working well, watchdog says as it plans refinements

By Phoebe Seers ( June 5, 2025, 13:38 GMT | Comment) -- Banks and payments firms could see a UK move to further toughen defenses against Authorized Push Payment fraud, a senior regulator said, possibly including expanded "confirmation of payee" functionality to include payment transaction data. In an interview with MLex, Claire Simpson, the Payment Systems Regulator's new policy chief, discussed the success of its new APP scam reimbursement regime, how it is keeping a close eye on incidences of fake cases of fraud, and the watchdog's own future.Banks and payments firms in the UK could see "confirmation of payee" functionality expanded to include payment transaction data as their regulator looks to shore up defenses against Authorized Push Payment fraud....

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