Pay.UK develops new data model

Pay.UK has developed a new tool in collaboration with UK Finance to help prevent Authorised Push Payment (APP) fraud.

The new ‘logical data model’ will be a useful foundation for categorising relevant customer data to enable both the banks involved in processing a payment (the sending bank and receiving bank) to more easily identify a fraudulent transaction.

The model will allow payment service providers to improve how they exchange data, ultimately enabling more accurate, and faster detection of suspect payments.



FIN. Team