Scammers have leapt at the opportunity to exploit vulnerable UK residents by sending bogus messages telling them they need to take action to receive help with their winter heating bills. In July, the UK’s new Labour Government announced that it was limiting who was eligible for assistance with their winter fuel bills by making eligibility … Read more
Elon Musk’s X appears to be adding yet another fee for third party apps, according to an affected app developer. After acquiring then-Twitter, Musk made big sweeping changes to the platform’s API, which allows third-party developers to integrate X into their platforms. The biggest change? Charging thousands of dollars just to access X’s API, which … Read more
Living in Poland, I have got used to using their local system for payments called BLIK. The way BLIK works is that you access your bank account app, enter a code, get a code back and make a payment at a point-of-sale, ATM, online or anywhere that needs a payment approved. The reason I like … Read more
Yesterday was a big day for UK consumers when the new rules on compensating victims of authorised push payment fraud (APP fraud) came into force. APP fraud is when consumers are tricked into sending money to the fraudster. It can happen in various ways, e.g. via impersonation fraud, romance fraud or email takeover fraud. The … Read more
The global digital payments landscape, projected to hit $16.6 trillion by 2028, is grappling with a surge in security breaches and scams, with U.S. consumers reporting losses of $1.8 billion due to bank transfer and payment scams in 2023 alone, according to a new report from Chubb. Despite widespread adoption, only one in three users … Read more
