138 results about this entity
Period: 02 Jan 2002 - 23 Apr 2024
Company announcement/payments
In 2021, members of UK Finance outlined an ambitious ten-year strategy for the payments industry with the publication of the Future Ready Payments 2030 report.
11 August 2021
News/payments
During 2020 the number of contactless payments made in the UK increased by 12% to 9.6 billion payments, with the pandemic driving a mass-market switch away from physical cash.
16 June 2021
Company announcement/security
Police have made eight arrests following a series of early morning operations targeting individuals suspected of sending out “smishing” texts.
24 May 2021
UK Finance analysis of nearly seven thousand authorised push payment1 (APP) scam cases shows that 70 per cent of scams originated on an online platform2 — highlighting the internet’s significant role in enabling fraud.
14 May 2021
Thousands of supermarket and shops around the UK have signed up to a cash-friendly pledge from consumer champion Which?, guaranteeing that they will continue to accept notes and coins as an alternative to digital payments.
13 May 2021
News/regulation
UK Finance, Which?, and City of London Police are among a host of organisations to sign on to a letter calling for the government to include online scams in its new 'Online Safety' bill.
07 May 2021
News/security
UK Finance has announced a change to the process of reimbursing ‘no blame’ cases of authorised push payment (APP) scams, bringing in a process which enables signatory banks to individually pay back cases rather than through a shared central pot.
30 April 2021
The amount of money lost to victims of authorised push payments fraud in the UK rose to £479 million in 2020, as criminals used the Covid-19 pandemic to target people online.
26 March 2021
News/crime
UK Trade organisations, consumer groups and a senior MP have joined forces to call on the UK government to reverse its decision not to include online scams in its new 'Online Harms' bill.
12 March 2021
Money mule recruiters are posting fake adverts on job websites and social media to lure in young people looking for work or easy money during the Covid-19 pandemic, say UK Finance and Cifas.
10 March 2021
The Competition and Markets Authority (CMA) has launched a consultation on the future governance of Open Banking in the UK.
05 March 2021
News/retail
Banking industry trade body UK Finance has set out detailed proposals for a new service company to replace the Open Banking Implementation Entity.
02 March 2021
In the wake of Brexit, banks are pushing the UK government to increase the contactless payments limit to £100, breaking with an EU cap of £45.
04 January 2021
Data published today by UK Finance reveals that contactless payments by debit card reached record levels in August, accounting for 62 per cent of all debit card transactions.
17 November 2020
Company announcement/people
UK Finance today announces the appointment of David Postings as its new Chief Executive.
07 October 2020
06 October 2020
Bank trade association UK Finance is urging people to be aware of criminals exploiting Covid-19 after figures revealed a sharp rise in impersonation scams in the first half of the year.
16 September 2020
The Banking Protocol, a UK-wide scheme that enables bank branch staff to alert their local police force when they suspect a customer is being scammed, it to be extended to cover attempted bank transfers made by customers through telephone and online banking.
09 September 2020
Lenders have provided over one million payment deferrals on credit cards to help customers whose finances have been affected by Covid-19 over the past three months, according to figures published today by UK Finance.
17 July 2020
The value of credit card transactions in April dropped to £8.7 billion, half the value compared to April 2019, UK Finance data reveals.
15 July 2020
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