Mastercard says it is helping banks to stop payment scams in their tracks, before funds leave a victim’s account. The payments provider said that in partnership with UK banks including Lloyds Bank, Halifax, Bank of Scotland, NatWest, Monzo and TSB, it is using payments data to help identify payment scams. Mastercard’s new tool helps banks to get an instant rating that shows the risk of a payment being made to a fraudulent account. This is based on factors such as account activity and the relationship between the payer and payee. Ajay Bhalla, president of cyber and intelligence at Mastercard, said: “We are helping banks identify and predict which payments are being made to fraudsters and stop them in real-time.” Spotting fraudulent payments among millions made every day is like finding a needle in a haystack Paul Davis, TSB Over four months, TSB said that Mastercard’s tool has increased its fraud detection. Paul Davis, director of fraud prevention at TSB, said: “Spotting fraudulent payments among millions made every day is like finding a needle in a haystack, with scams becoming ever more complex – so prevention and monitoring tools are key. “Our partnership with Mastercard is providing the intelligence needed to identify fraudulent accounts and prevent payments ever reaching them.” The Financial Ombudsman Service recently said it is seeing a higher proportion of complex scam complaints, with some involving investments or cryptocurrency. It is seeing increasing numbers of complaints which contain the features of more than one scam. For example, someone may be duped by a romance scammer who then persuades them to invest in cryptocurrency schemes which do not exist. Or someone may attempt to pay for goods which do not exist and then receive a phone call from a scammer impersonating their bank who persuades them to make multiple payments by claiming their payment attempts have been unsuccessful. Many banks are currently signed up to a voluntary reimbursement code in cases where blameless scam victims transfer money to a fraudster, but there have been concerns about this not always being applied consistently. TSB has its own fraud refund guarantee. Plans are under way to make reimbursement mandatory. The Payment Systems Regulator (PSR) has said new rules compelling banks to reimburse scam victims who have been tricked into paying fraudsters will come into force next year. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Art historian helps build new Assassin’s Creed game after son’s suggestion Twitter to stop TweetDeck access for unverified users Broadband customers plagued by issues despite inflation-busting price hikes

Automatic external defibrillators, or AEDs, would be placed in nearly every school or sports and recreation venue in Ohio under a proposal that cleared the Republican-dominated Ohio House with overwhelming bipartisan support

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EA is set to "stop further development and investment" in the Project CARS franchise, moving staff to to other EA roles where possible.

Xzibit likes to stick with what he knows. In this case, it is cannabis.

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Lewis Hamilton’s representative touched base with Red Bull about the prospect of the seven-time F1 world champion partnering Max Verstappen – while the Brit also reportedly held talks with Ferrari. Hamilton, who has won six of his seven world titles at Mercedes, signed a new two-year contract with the Silver Arrows in September in a deal that will take him to the end of the 2025 season. Yet the 38-year-old, amid nearly two years without a race victory, put out feelers about leaving Toto Wolff’s team earlier this year – as revealed by Red Bull boss Christian Horner. “We have had several conversations over the years about Lewis joining,” Horner told the Daily Mail. “They have reached out a few times. Most recently, earlier in the year, there was an inquiry about whether there would be any interest. “He met John Elkann [Ferrari chairman] too. I think there were serious talks. It was around Monaco [in May]. There were definitely conversations, perhaps with Vasseur [Ferrari team principal] too. But certainly with Elkann. “But I can’t see Max and Lewis working out together. The dynamic wouldn’t be right. We are 100% happy with what we have.” The report adds that Hamilton’s representative is likely to be either his New York-based manager Penni Thow or his father Anthony. Hamilton was heavily linked with Ferrari earlier in the season but put all speculation to bed when he penned a new £50m-a-year extension with Mercedes, a rise of approximately £10m. Hamilton’s team-mate George Russell also signed a new deal until the end of 2025. “We have never been hungrier to win,” Hamilton said, after the contract was confirmed in August. “We have learnt from every success but also every setback. “We dream every day of being the best and we have dedicated the past decade together to achieving that goal.” Hamilton has not won since December 2021, in Saudi Arabia. A week later, he lost the 2021 world championship to Verstappen on the final lap in controversial circumstances in Abu Dhabi. Mercedes have just won one race since, with George Russell’s first F1 victory in Brazil last year, while Hamilton has had 15 podiums since 2021 without a victory. Read More Guenther Steiner to produce new hit ‘workplace comedy’ show F1 Juniors broadcast an admirable idea – but all kids want to be is grown up Mick Schumacher returns to racing with Alpine in 2024 Lando Norris posts update from hospital after Las Vegas crash Las Vegas Grand Prix dazzles on debut with usual dose of Max Verstappen reality Lando Norris explained issues with Las Vegas circuit before crashing at Grand Prix

Carlo Ancelotti has stated that he believes Dani Ceballos and Nacho Fernandez are set to stay at Real Madrid.

Lewis Capaldi is performing an intimate gig at the 2,500-capacity O2 Academy Glasgow next month.

NEW YORK--(BUSINESS WIRE)--Jun 1, 2023--

Gavin Williams held Kansas City to one hit through seven innings in his second major league start, Will Brennan hit a two-run double in the ninth inning, and the Cleveland Guardians rallied past the Royals 2-1

Amane Beriso Shankule beat defending champion and compatriot Gotytom Gebreslase to give Ethiopia their third women's marathon title in the past five editions of the...