UK banks and challengers ranked for authorized push payment fraud

Ahead of new rules, effective sometime next year [2024], that will split refund costs of authorized push payment (APP) fraud equally between sending and receiving UK financial institutions, the regulator has published data on the value and volume of losses going through their customers' accounts.

Ahead of new rules, effective sometime next year [2024], that will split refund costs of authorized push payment (APP) fraud equally between sending and receiving UK financial institutions, the regulator has published data on the value and volume of losses going through their customers' accounts. [1]