Payments Cards & Mobile· Gemma Rolfe·· 3 hours agoAI score66
UK plans to require electronic and mobile POS software to comply with standards to combat electronic sales suppression fraud
UK Moves to Mandate POS Software Standards in Crackdown on Till Fraud
AI brief
AI-assisted source summary · not independently verified. Content standards
The UK government is preparing to introduce mandatory software standards for electronic and mobile POS systems to reduce the scope for businesses to commit electronic sales suppression fraud by tampering with or deleting sales records. HMRC said it will propose technical solutions in a further consultation, which may involve digital signatures, hashes, encrypted transaction chains, standardized data exports, and software certification or registration; the specific technical model and implementation date have not yet been determined.
Source:Payments Cards & Mobile · paymentsindustryintelligence.com