With Appointment of Roger Alexander as Advisor, Chargebacks911 Well Placed to Tackle APP Fraud [Yahoo! Finance]
ACI Worldwide, Inc. (ACIW)
Last aci worldwide, inc. earnings: 8/8 06:00 am
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Source: Yahoo! Finance
In his new role, Alexander will serve as a key advisor to Chargebacks911's Advisory Board and its CEO, Monica Eaton, assisting the company with its expansion initiatives, including the highly-anticipated launch of its dispute resolution solution set to address the record spike of authorised push payment (APP) fraud claims. According to UK Finance , APP fraud losses in the UK reached £239.3 million in the first half of 2023, most of which stemmed from online purchasing scams where customers were tricked into paying money for products that never arrived. To help fight losses attributed to APP fraud, the UK recently proposed an amendment to its Payment Services Regulations (PSR) that would enable banks and payment services to delay payment processing up to four business days (currently D+1) in instances where fraud or dishonesty is suspected. This amendment is set to be enacted when the PSR's new reimbursement requirement for APP fraud kicks in on Oct. 7, after which payment service
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News
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ACIW
Earnings
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ACIW
Sec Filings
- 4/22/24 - Form ARS
- 4/22/24 - Form DEFA14A
- 4/22/24 - Form DEF
- ACIW's page on the SEC website