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Authorised Pushed Payment Fraud Liability: A Guide for Banks
March 8, 2024
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5 min read
Authorised Pushed Payment Fraud Liability: A Guide for Banks
Per the UK Financial Services and Markets Bill, all PSPs will now be required to reimburse fraud victims from October 2024. In light of these upcoming changes, banks need to reassess how they manage liability associated with APP fraud and develop new methodologies in order to investigate and mitigate fraud more effectively. Please read Finextra’s Impact Study on APP Fraud Liability: A Guide for Banks to learn about how transaction risk scoring helps you in controlling risk and preventing fraud.
