Prevention is better than cure and that is certainly the case with fraud, whose financial cost to the UK is estimated at more than GBP85bn.
UK businesses have finally woken up to the huge financial cost of fraud and the importance of prevention. That change of attitude has led to much more proactive approach to preventing corporate fraud,
However good the strategy a business has to prevent fraud, it can still occur. The consequences of a fraud are potentially devastating so rapid and decisive action is needed if the business is to recover from the fraud and get back on track.
New technology and the entry of non-traditional players promise a more innovative payments industry. But regulators must ensure that the interests of consumers and businesses are properly safeguarded in this period of profound change…
A technological revolution is sweeping through the payments industry as businesses realise that cash is no longer king. In 2010, UK shoppers spent £26bn more on debit cards than using cash — the first time cash spending has been surpassed according to the Payments Council. Some businesses, particularly smaller independent retailers, resist the cashless trend, arguing card fees are expensive
Green energy projects are becoming increasingly popular with investors but an enormous amount of investment is required to meet renewable energy targets and the lion’s share will have to come from private capital…
