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No signs of UK fraud reimbursement exploitation reported under new regime

By Phoebe Seers ( November 19, 2024, 12:13 GMT | Insight) -- UK banks and payment companies are now six weeks into a new fraud repayment regime and so far don't appear to have seen evidence of fraudsters exploiting it, with instances of fraud apparently stable or declining. Pay.UK, the body responsible for monitoring compliance with authorized push payment fraud reimbursement, reports around 10,000 claims since the rules came into effect on Oct. 7, roughly in line with pre-regime figures.UK banks and payment companies are now six weeks into a new fraud repayment regime and so far don't appear to have seen evidence of fraudsters exploiting it, with instances of fraud apparently stable or declining....

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