UK regulator brings in new rules for APP fraud reimbursement

The UK Payment Systems Regulator has spelt out new mandatory reimbursement requirements for British banks and payment companies when customers are victims of an authorised push payment (APP) fraud.

By Sara Lewis

The UK Payment Systems Regulator (PSR) has spelt out [1] new mandatory reimbursement requirements for British banks and payment companies when customers are victims of an authorised push payment (APP) fraud.