PSR Reveals Huge Disparity in How Banks Approach to APP Fraud Claims
The Fintech Times
AUGUST 2, 2024
Under the existing voluntary reimbursement framework, 67 per cent of money lost to APP scams was reimbursed. While this has improved between 2022 (61 per cent) and 2023 (67 per cent), the PSR reveals there is still an inconsistent approach by firms when it comes to reimbursing victims of APP fraud.
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