Consumers Credit Union’s Post

APP Scams - also known as bank transfer scams, trick you into sending money to a fraudster pretending to be from a legitimate business, such as from your bank/ building society, HMRC or a delivery company. From today, the rules are changing to help those affected by APP scams. Find out more here 👇🏼 https://lnkd.in/ewWHbrvg

🔍 The latest figures released by the Payment Systems Regulator (PSR) provide valuable insights into the performance of payment firms in combating Authorised Push Payment (APP) scams and reimbursing victims in 2023. 📊 In its second annual report, the PSR presents data on three key areas: 1️⃣ Reimbursement to victims 2️⃣ Money sent from victims' accounts by each payment firm due to APP scams 3️⃣ Money received into fraudsters' accounts by each payment firm as a result of APP scams The report offers a comprehensive overview of the efforts and effectiveness of major banking groups in Great Britain and Northern Ireland.

🔍 The latest figures released by the Payment Systems Regulator (PSR) provide valuable insights into the performance of payment firms in combating Authorised Push Payment (APP) scams and reimbursing victims in 2023. 📊 In its second annual report, the PSR presents data on three key areas: 1️⃣ Reimbursement to victims 2️⃣ Money sent from victims' accounts by each payment firm due to APP scams 3️⃣ Money received into fraudsters' accounts by each payment firm as a result of APP scams The report offers a comprehensive overview of the efforts and effectiveness of major banking groups in Great Britain and Northern Ireland.

🔍 The latest figures released by the Payment Systems Regulator (PSR) provide valuable insights into the performance of payment firms in combating Authorised Push Payment (APP) scams and reimbursing victims in 2023. 📊 In its second annual report, the PSR presents data on three key areas: 1️⃣ Reimbursement to victims 2️⃣ Money sent from victims' accounts by each payment firm due to APP scams 3️⃣ Money received into fraudsters' accounts by each payment firm as a result of APP scams The report offers a comprehensive overview of the efforts and effectiveness of major banking groups in Great Britain and Northern Ireland.

🔍 The latest figures released by the Payment Systems Regulator (PSR) provide valuable insights into the performance of payment firms in combating Authorised Push Payment (APP) scams and reimbursing victims in 2023. 📊 In its second annual report, the PSR presents data on three key areas: 1️⃣ Reimbursement to victims 2️⃣ Money sent from victims' accounts by each payment firm due to APP scams 3️⃣ Money received into fraudsters' accounts by each payment firm as a result of APP scams The report offers a comprehensive overview of the efforts and effectiveness of major banking groups in Great Britain and Northern Ireland.

Payment apps are soaring in popularity. Here’s what you need to know. State laws regulating how payment apps protect stored funds vary, creating a confusing patchwork that’s compounded by customer service challenges.

Only four months left until mandatory reimbursement for Authorized Push Payment (APP) fraud in the UK. To help you better prepare for these new requirements, BioCatch and UK Finance unite to walk you through: • The new parameters for APP reimbursement post-October; • The impact of PSD3 on the Eurozone; • The impact of the Consumer Duty and the importance of focusing on vulnerable customers. Register here: https://okt.to/vUFGNd #FraudPrevention #Compliance #BankingIndustry

🔍 The latest figures released by the Payment Systems Regulator (PSR) provide valuable insights into the performance of payment firms in combating Authorised Push Payment (APP) scams and reimbursing victims in 2023. 📊 In its second annual report, the PSR presents data on three key areas: 1️⃣ Reimbursement to victims 2️⃣ Money sent from victims' accounts by each payment firm due to APP scams 3️⃣ Money received into fraudsters' accounts by each payment firm as a result of APP scams The report offers a comprehensive overview of the efforts and effectiveness of major banking groups in Great Britain and Northern Ireland.

🔍 The latest figures released by the Payment Systems Regulator (PSR) provide valuable insights into the performance of payment firms in combating Authorised Push Payment (APP) scams and reimbursing victims in 2023. 📊 In its second annual report, the PSR presents data on three key areas: 1️⃣ Reimbursement to victims 2️⃣ Money sent from victims' accounts by each payment firm due to APP scams 3️⃣ Money received into fraudsters' accounts by each payment firm as a result of APP scams The report offers a comprehensive overview of the efforts and effectiveness of major banking groups in Great Britain and Northern Ireland.

Only four months left until mandatory reimbursement for Authorized Push Payment (APP) fraud in the UK. To help you better prepare for these new requirements, BioCatch and UK Finance unite to walk you through: • The new parameters for APP reimbursement post-October; • The impact of PSD3 on the Eurozone; • The impact of the Consumer Duty and the importance of focusing on vulnerable customers. Register here: https://okt.to/Eg2tV5 #FraudPrevention #Compliance #BankingIndustry