Hamish Monk Senior Reporter at Finextra
In October 2024, the Authorised Push Payment (APP) victim reimbursement scheme came into effect, under rules from the Payment Systems Regulator (PSR). The scheme means that Payment service providers (PSPs) are obliged to reimburse victims of APP fraud, up to £85,000 – and PSR asks that the value of reimbursement be split 50/50 between the sending...
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