Credit: IR Stone / Shutterstock Britain’s payments firms are breathing a collective sigh of relief at the news that the Payment Systems Regulator (PSR) might lower the cap on its incoming fraud…
Tag: reimbursement
PSR confirms consultation on possible £85k APP fraud reimbursement cap
Credit: Pungu x / Shutterstock The Payment Systems Regulator (PSR) has clarified the reasoning behind a review of its authorised push payment fraud (APP fraud) reimbursement policy. However, it has not confirmed…
PSR may cut reimbursement rate but scale of APP fraud remains worrying
Credit: AntonKhrupinArt / Shutterstock The Payments Systems Regulator (PSR) is apparently going to water down its incoming rules around authorised push payment fraud (APP fraud) reimbursement. APP fraud is when customers authorise…
Labour Party says Big Tech should share fraud reimbursement responsibility
Credit: Rupert Rivett, Shutterstock The Labour Party is apparently weighing in on a now long-running and hotly contested debate in the UK payments and finance space, with the general election looming. According…
PayUK praises fraud prevention pilot ahead of new reimbursement rule
Credit: a-image / Shutterstock Amidst a heightened regulatory spotlight on fraud, PayUK’s prevention and detection pilot has been making strong progress according to the results from its first year of operations. The…
PSR proposes extending APP fraud reimbursement rules to CHAPS
Credit: Song_about_summer / Shutterstock The Payment Systems Regulator (PSR) is considering extending its forthcoming authorised push payment (APP) fraud reimbursement rules to the Clearing House Automated Payment System (CHAPS). This would build…
Christine Reisman: Navigating PSR’s APP fraud reimbursement rules
Image courtesy of Joshua Woroniecki via Shutterstock.com Authorised Push Payment (APP) fraud has been on the rise, posing a significant challenge for both individuals and businesses. To address this growing threat, the…
PSR updates APP policies but ‘reimbursement alone cannot prevent fraud’
Shutterstock The UK’s Payments Systems Regulator (PSR) has taken a significant step in improving consumer protection against Authorised Push Payment (APP) fraud. Following consultations over the past few months, the PSR has…