Archive:July 2024

Warning: UK Makes Reimbursing Customers Tricked into Authorizing Payments Mandatory

Jul 29 2024

Authorized push payment frauds (APP fraud) happen where one is tricked into sending money to a fraudster posing as a genuine payee. Currently some protection is provided to UK victims via a voluntary industry code. However, this has been considered insufficient. So now a new mandatory reimbursement regime is coming, from 7 October 2024.

Recent Supreme Court Decisions Could Significantly Impact the Payments Industry

Jul 02 2024

By: Jeremy McLaughlin, Greg Blase, Andrew Glass, and Josh Durham

The Supreme Court issued two decisions at the end of its term that will significantly alter how federal courts review challenges to federal regulations. The decisions could have a significant impact on the highly regulated payments industry.