Page 9 - Faster Payment News Today

Less than half of the losses of fraud victims who transfer cash to scammers’ bank accounts have been repaid under a voluntary code that banks are applying inconsistently, according to a consumer group. Which? called for the code, introduced in 2019 to ensure the reimbursement of money lost in bank transfer scams, to be strengthened and mandatory standards to make the process “fairer and more consistent”. The group cited UK Finance figures which show £412.9 million has been lost in 189,00...

Less than half of the losses of fraud victims who transfer cash to scammers’ bank accounts have been repaid under a voluntary code that banks are applying inconsistently, according to a consumer group. Which? called for the code, introduced in 2019 to ensure the reimbursement of money lost in bank transfer scams, to be strengthened and mandatory standards to make the process “fairer and more consistent”. The group cited UK Finance figures which show £412.9 million has been lost in 189,00...

The Federation of Thai Industries (FTI) is bringing back its "Faster Payment" scheme to urge large companies to speed up debt repayments in a fresh attempt to help their trading partners -- mostly small and medium-sized enterprises (SMEs) -- solve liquidity problems amid Covid-19.

improved international trading An enhanced international trading offering allows you the option to hold up to nine currencies in a Trading and/or SIPP account. This means you can trade in your chosen international markets without having to convert currency with each trade. (Please note that current HMRC rules mean that ISA cash must be held in sterling, so while international stocks can be held in your ISA account, any sale must convert back into sterling.) live prices Live streaming prices ...