The PSR’s new fraud refund rules: A step forward, but is it enough?
The Payments Association
OCTOBER 22, 2024
This increase was driven by fraudsters leveraging sophisticated techniques, such as fraud networks, phishing scams and AI-generated deepfakes, to trick victims into authorising payments. Mitigating APP fraud While refunds provide some level of protection for individuals, they are perceived as a constant burden for financial institutions.
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