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Banking and Finance: MPs call for backdated APP fraud reimbursements and Faster Payments delays

04 Nov 2019 7:40 AM | Jo Buckley (Administrator)

A new voluntary code to reimburse UK customers who fall victim to authorised push payment (APP) fraud should be made compulsory and applied retropectively, says the Treasury Committee. MPs have also called for a 24-hour delay on a subset of Faster Payments transactions to give people the chance to consider if they are being defrauded.


https://www.finextra.com/newsarticle/34687/mps-call-for-backdated-app-fraud-reimbursements-and-faster-payments-delays



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