Subscribe
Israel-Hamas Conflict
NFL
Donald Trump
Golf
Floods
US Economy
Kamala Harris
San Francisco 49ers
US Immigration
Patriots
Volleyball
US Politics
Soccer
Published

PSR Confirms Its Decision on APP Scams Reimbursement

Summary by Fintech Finance
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 to people who fall victim to scams – with over 99% of APP claims cove…

0 Articles

All
Left
Center
Right
Financial services: Regulation tomorrowFinancial services: Regulation tomorrow

PSR confirms maximum level of reimbursement for Faster Payments APP scams

On 25 September 2024, the Payment Systems Regulator (PSR) confirmed that the maximum reimbursement limit for victims of Faster Payments authorised push payment (APP) scams will be £85,000. The PSR had previously published a consultation on the proposed limit on 4 September 2024. The maximum reimbursement value had previously been set at £415,000, in line with the Financial Ombudsman maximum reimbursement at the time, but will now be changed so t…

Read Full Article
Fintech FinanceFintech Finance

PSR Confirms Its Decision on APP Scams Reimbursement

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 to people who fall victim to scams – with over 99% of APP claims cove…

Read Full Article
credit-connect.co.ukcredit-connect.co.uk

PSR confirms APP scams reimbursement measures - Credit Connect

The Payment Systems Regulator (PSR) has confirmed the maximum reimbursement limit for victims of Authorised Push Payment (APP) scams. The PSR says that having given careful consideration to all the feedback and information received, the board has decided that the maximum reimbursement limit for Faster Payments will be £85,000. The PSR’s requirements will provide protections to people who fall victim to scams – with over 99% of APP claims covered…

Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • There is no tracked Bias information for the sources covering this story.
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Sources are mostly out of (0)

Similar News Topics

Trending Topics
Ground News logo
App Store IconPlay Store Icon
CompanyAboutHistoryMissionBlogTestimonialsGroup SubscriptionsSubscribeGiftFree TrialCareersAffiliates
HelpHelp CenterFAQContact UsFor Educators/LibrariesMedia Bias RatingsOwnership and Factuality RatingsReferral CodeNews SourcesTopics
ToolsAppBrowser ExtensionDaily NewsletterBlindspot Report NewsletterBurst Your Bubble NewsletterTimelines
DonatePrivacy PolicyManage CookiesTerms and Conditions
© 2024 Snapwise Inc
News
For You
Search
BlindspotLocal