How the PSR Liability Shift Changes Fraud Strategies

The recent UK Payment Services Regulation (PSR) liability shift is intended to protect consumers from rising payment scams. The new guidelines shift liability for authorized push payment (APP) fraud away from consumers to a shared liability between sending and receiving banks. The implications for FIs are significant for the technology they use to fight fraud and how they interact with other FIs and their customers. Outseer is collaborating with our customers and the industry to tackle the biggest fraud challenges like scams, mules and APP fraud. By leveraging billions of transactions and predictive AI, we deliver the highest fraud detection rates with minimal customer friction.

Join Sunil Bazzaz (Senior Product Manager – Fraud Manager) and Oliver Ludlow (Senior Solution Consultant) as they discuss the key impacts of the UK PSR liability shift:

• UK PSR liability shift overview and what it hopes to accomplish
• The importance of identifying money mules on payment receipt
• Unique signals for scams and why fraud models shouldn’t be one size fits all
• Why consortium data is more important than ever for FI collaboration to fight APP fraud