Royal United Services Institute news and trends

UK Payment Service Providers Unlikely to Challenge Reimbursement for APP Fraud

December 21, 2023
U.K. Payment Systems Regulator
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UK Payment Service Providers Unlikely to Challenge Reimbursement for APP Fraud

December 21, 2023
Payment service providers are reportedly unlikely to challenge the claims that victims of authorized push payment (APP) fraud make under a soon-to-be-implemented rule in the United Kingdom. Investigating a case and then challenging it before the Financial Ombudsman Service (FOS) would be too expensive in terms of time and resources, the Financial Times (FT) reported […]