Warning: UK Makes Reimbursing Customers Tricked into Authorizing Payments Mandatory
By: Kai Zhang and Judie Rinearson
Authorized push payment frauds (APP fraud) happen where one is tricked into sending money to a fraudster posing as a genuine payee. Currently some protection is provided to UK victims via a voluntary industry code. However, this has been considered insufficient. So now a new mandatory reimbursement regime is coming, from 7 October 2024.
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