Financial Fraud Action UK 2015

by PaymentsJournal 0

Financial Fraud Action UK (FFA UK) is responsible for leading the collective fight against fraud in the UK payments industry. Its membership includes the major banks, credit, debit and charge card issuers, and card payment acquirers.

FFA UK publishes the full fraud statistics reported by its members twice yearly. The figures cover payment card, remote banking and cheque fraud losses.

As of 2015, all fraud loss figures, unless otherwise indicated, are now reported as gross. These represent the value of fraud including any funds subsequently recovered by a bank.

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