PSR confirms its decision on APP scams reimbursement

News Financial services English General Updates

Date: 25th Sep, 2024 Source: Payment Systems Regulator (PSR) Country: United Kingdom Original Source

Brief

Today, the PSR has confirmed the maximum reimbursement limit for victims of Authorised Push Payment (APP) scams starting from 7 October. Having given careful consideration to all the feedback and information received, the PSR board has decided that the maximum reimbursement limit for Faster Payments will be £85,000. The PSR’s requirements will provide world-leading protections

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Payment Systems Regulator (PSR)

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PSR confirms its decision on APP scams reimbursement

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PSR confirms its decision on APP scams reimbursement

Brief

Payment Systems Regulator (PSR)

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