🗞️🇬🇧 UK government talks scam ecosystem 🌱 The UK National Payments Vision was published yesterday / overnight in Australia. Among big ticket items like the BoE and PSR refreshing the requirements for UK retail payments infrastructure, were these points about scams (or, APP fraud): 1️⃣ the Payment Systems Regulator (PSR) will commission an independent review of the APP fraud reimbursement rule after 12 months. 2️⃣ government wrote to the technology and telecommunications sectors to call for demonstrable action to reduce fraud taking place on their platforms, and give an update by March 2025. 3️⃣ regulators will work with the financial services sector to understand the different intelligence sharing solutions available and the barriers to their wider adoption. 4️⃣ FCA will lead work to manage existing overlaps between the FCA and PSR’s exercise of their fraud functions. 👀 Now all the cool kids are saying scams ecosystem. 😎 https://lnkd.in/gp9XjMqR 💡💡💡 Thanks Ken Palla for the alert. Jonathan Frost if I revise my stance on the UK, can we be friends? #scams #scamsprevention #appfraud #payments #paymentsregulation