British financial services will face a major new regulatory requirement to adhere to from next week, the authorised push payment (APP) fraud reimbursement rule. Introduced by the Payment Systems Regulator (PSR), the rule will require payments firms to reimburse victims of fraud up to £85,000, split 50/50 between the paying and receiving company. When the … Continue reading UK’s APP fraud rules – misguided or a step in the right direction?