PSR highlights progress on fraud reimbursement and payment security
The UK’s fight against payment fraud has advanced significantly over the past year, with victims of Authorised Push Payment (APP) scams receiving £243 million in reimbursement by the end of 2025, according to the Payment Systems Regulator’s (PSR) latest annual report. The regulator says its work over the past 12 months has focused on strengthening […]
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 […]