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Scams Consultation

BCLP

Authorised Push Payment Scams

BCLP on

Following a super-complaint by Which?, the Payment System Regulator (“PSR”) investigated and consulted in 2016 and 2017 on whether and how victims of authorised push payment (“APP”) scams should be better protected....more

A&O Shearman

UK Payment Systems Regulator To Proceed With Plans To Reimburse Payment Scam Victims

A&O Shearman on

The U.K. Payment Systems Regulator has published the outcome of the consultation it launched in November 2017 on a contingent reimbursement model for the victims of so-called “authorized push payment” scams. That...more

A&O Shearman

UK Payment Systems Regulator Consults on Reimbursement of Victims of Payment Scams

A&O Shearman on

The UK Payment Systems Regulator has published a report on the initiatives it has engaged in with banks, the payment systems industry and the Financial Conduct Authority to prevent or mitigate harm to consumers from scams...more

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