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 the same year, victims reported 252,626 cases of APP scams – but not all reports resulted in refunds from their banks.
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