PSR Reveals Huge Disparity in How Banks Approach to APP Fraud Claims
The Fintech Times
AUGUST 2, 2024
In 2023, Authorised Push Payment (APP) scams totalled just shy of £341million in the UK, with new research highlighting that reimbursement varies significantly depending on who consumers bank with. In 2023 alone, 4.5 Under the existing voluntary reimbursement framework, 67 per cent of money lost to APP scams was reimbursed.
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