UK payment firms’ APP fraud compensation cap reduced to £85,000 ...Middle East

UK payment firms’ obligation to compensate victims of authorised push payment (APP) fraud could be capped at £85,000, instead of the initially proposed maximum amount of £415,000. The Payment Systems Regulator (PSR) is consulting on the new cap a month before the new compensation scheme becomes effective.

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Last updated : 09 September 2024 clock 03:13 PM

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UK payment firms’ APP fraud compensation cap reduced to £85,000 ...Middle East

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