Tag: David Geale
UK payment firms now required to reimburse APP fraud victims
Starting today (7 October), UK payment firms are now obligated to reimburse victims of authorised push payment (APP) fraud, with compensation capped at £85,000.Introduced...
PSR confirms consultation on possible £85k APP fraud reimbursement cap
The Payment Systems Regulator (PSR) has clarified the reasoning behind a review of its authorised push payment fraud (APP fraud) reimbursement policy. However, it...
UK Watchdog rejects delay for APP fraud compensation
The Payment Systems Regulator (PSR) has rejected requests to delay new rules on compensation for authorised push payment (APP) fraud.Interim Head of the UK...
