Ep 367: New fraud regulations and live from Las Vegas

Introduced by the Payment Systems Regulator in response to rising cases of authorised push payment (APP) fraud, starting 7 October, UK payment firms are now obligated to reimburse victims of APP fraud, with compensation capped at £85,000.And this will be the topic of the latest episode of iGaming Daily, supported by Optimove. Callum Williams and Kieran O’Connor from the Payment Expert sit down to delve deeper into the new regulations and consider what they mean for the payments industry.The duo discuss the rise of APP fraud, the reaction to the new regulations by UK payments firms given some called for the implementation of the rules to be delayed, and what social media firms are doing to combat fraud on their platforms. After a short break, the show crosses the Atlantic to Las Vegas. We hear from Jessica Welman, Editor of SBC Americas, and Lucía Mouriño, VP of Latin American Relationships at SBC, who were down on the ground at G2E.One of the key themes at the conference was sweepstakes and Jess recaps an eventful panel session on the subject that became quite heated between those for and against the vertical.To read more about what was discussed in today's episode, click on the following links:- https://paymentexpert.com/2024/10/08/leaps-not-baby-app-fraud-regulations/- https://paymentexpert.com/2024/10/07/uk-payment-firms-reimburse-app-fraud/ Host: Callum Williams & Jessica WelmanGuest: Kieran O’Connor & Lucía MouriñoProducer: Anaya McDonaldEditor: James RossRemember to check out Optimove at https://hubs.la/Q02gLC5L0 or go to Optimove.com/sbc to get your first month free when buying the industry's leading customer-loyalty service.