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May 31, 2024
On the web
Pay.UK’s Fraud Detection Pilot Exceeds Expectations, Detecting Over £112m Worth of Fraud
wearepayPay.UK
Pay.UK, the independent, not-for-profit operator of the UK’s national retail payments system including Faster Payments, Bacs and Direct Debit, announced the results of its pioneering fraud detection and prevention pilot in collaboration with partners Visa, Synectics Solutions and Featurespace.
May 30, 2024
Top Post
Visa’s New AI Tool for Faster Payments Could Help Save UK Over £330M a Year on Fraud and App Scams
Visa
"In a groundbreaking pilot in partnership with Pay.UK, Visa has shown how leveraging the latest AI technology has the potential to drastically cut the £600m lost annually to account-to-account scams and fraud over recent years in the UK."
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