Martin Ruda
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Growing number of High Street banks adopt UCN Plus fraud prevention tool

The TALL Group of Companies is working with a growing number of High Street banks that have all signed up as early adopters of UCN Plus in a move designed to strengthen the industry’s protection against cheque fraud within the UK’s payments system. Martin Ruda, Group...
Posted On 06 Feb 2020
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Working Together to Fight Cheque Fraud

In terms of recent history, cheque fraud losses peaked in 2008 and, during the following decade, they reduced by more than 85%, which is far in excess of the decline in cheque volumes over the same period, writes Martin Ruda. However, the latest statistics reveal that cheque...
Posted On 20 Nov 2019
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Banking industry halts £4.5 million of fraud per day in first half of 2019

The finance industry prevented £820 million of unauthorised fraud in the first half of 2019, which is up 14% on the previous year. That’s according to the latest figures from UK Finance. This is equivalent to £2 in every £3 of attempted unauthorised fraud being stopped, o...
Posted On 26 Sep 2019
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An Innovative Approach for Defeating Cheque Fraud

In our first White Paper of 2019, entitled ‘Fighting Cheque Fraud in the 21st Century: Cheque Fraud Detection in the New Clearing Model’, it was explained that, while volumes have steadily fallen during the 21st Century, the cheque is now a modernised and very...
Posted On 25 Jul 2019
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“Criminals steal £500 million through fraud and scams in first half of 2018” reports UK Finance

New data from UK Finance shows that a total of £503.4 million was stolen by criminals through authorised and unauthorised fraud in the first six months of 2018. During the same period, the finance industry prevented £705.7 million of unauthorised fraud. That’s equivalent to...
Posted On 25 Sep 2018
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Latest industry data from UK Finance highlights 8% year-on-year fall in financial fraud

Financial fraud losses of £366.4 million in the first half of 2017 were 8% lower year-on-year, figures from UK Finance have revealed. The data, which covers payment cards, remote banking and cheques, also highlights that the industry prevented over £750 million of fraud during...
Posted On 28 Sep 2017
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FFA UK’s latest industry statistics show financial fraud losses totalling £768.8 million in 2016

Financial fraud losses across payment cards, remote banking and cheques totalled £768.8 million in 2016, the latest figures from Financial Fraud Action (FFA) UK highlight. This represents an increase of 2% on the previous year. The new data also outlines the fact that banks and...
Posted On 30 Mar 2017