Authorised Push Payment Fraud Reimbursement

 

How do banks and other payment service providers reimburse victims of authorised push payment fraud?

Authorised push payment (APP) fraud happens when you are tricked by a criminal into sending money by bank payment to an account that they control and which you do not. 

Rules have been set by the Payment Systems Regulator (PSR), the body that regulates payment systems in the UK – and only apply to payments made on, or after 7 October 2024.

This website explains the rules in more detail.