Groundbreaking new protections for victims of APP scams start today

News Financial services Law & Policy Updates

Date: 6th Oct, 2024 Source: Payment Systems Regulator (PSR) Country: United Kingdom Original Source

Brief

On "07 October 2024", the "Payment Systems Regulator (PSR)" issued an update regarding "Major new protections for victims of Authorised Push Payment (APP) scams start today". The PSR's new rules provide world-leading levels of protection against APP fraud, ensuring that consumers making payments via Faster Payments or CHAPS from one UK bank account to another will be covered.

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Payment Systems Regulator (PSR)

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Groundbreaking new protections for victims of APP scams start today

Brief

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Groundbreaking new protections for victims of APP scams start today

Brief

Payment Systems Regulator (PSR)

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