What Is APP Fraud? Understanding the Threat
In today’s digital age, where electronic transactions have become commonplace, the risk of fraud continues to grow. APP fraud is a type of scam where fraudsters trick victims into authorising payments to accounts controlled by criminals. By impersonating trusted people or organisations, scammers exploit confidence and urgency to manipulate victims into sending money themselves. What […]
PSR proposes £415,000 cap on APP fraud claims
The Payment Systems Regulator (PSR) has launched two consultations in the lead up to the implementation of its new authorised push payment (APP) fraud reimbursement requirements. In June, the PSR set out its final position on tackling APP fraud, which will mean the vast majority of victims will be reimbursed within five days of the […]