Fraud Intelligence
UK push payment fraud victims face reimbursement lottery, say MPs
A British parliamentary committee has found that victims of authorised push payment (APP) fraud - where people are tricked into paying fake creditors - face inconsistencies in reimbursement, even when their banks are signed up to the voluntary contingent reimbursement model (CRM) code.
By Sara Lewis
A British parliamentary committee has found that victims of authorised push payment (APP) fraud - where people are tricked
into paying fake creditors - face inconsistencies in reimbursement, even when their banks are signed up to the voluntary contingent
reimbursement model (CRM) code.