Instant Payments Irrevocability Irrevocable Payment 
FICO
NOVEMBER 19, 2019
As the Which Super Complaint points out, with APP fraud UK consumers and businesses have been left unprotected, compared to other payment methods. Banks have given customers the ability to make real-time, irrevocable payments but have not given them protection if something goes wrong.
FICO
JUNE 26, 2018
In the UK £250K can now be sent in a single, irrevocable payment – and the system has been tested for up to an eyewatering £10 million. We’ve already seen the impact of authorized push payment fraud on them, even when payments are not cleared on the same day. Who Is Liable? In September 2016, the UK consumer group Which?
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