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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.

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.

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