The PSR numbers are out, so what do they mean?

The Payments Systems Regulator (PSR) has published league tables for banks, payment firms and consumers. The data informs prospective bank/payment firm customers of performance. For some banks there is a ying and a yang. TSB rank top for reimbursing 91% of the value of authorised push payment (APP) fraud losses. Whereas DZing Finance receives more of the proceeds of APP fraud than any other bank/firm.

By 'Corner of the Yard', an experienced AML professional working in UK financial services.

The Payments Systems Regulator (PSR) has published league tables for banks, payment firms and consumers. The data informs prospective bank/payment firm customers of performance. For some banks there is a ying and a yang. TSB rank top for reimbursing 91% of the value of authorised push payment (APP) fraud losses. Whereas DZing Finance receives more of the proceeds of APP fraud than any other bank/firm.