payments fraud

£66m returned to APP scam victims

25th July 2025 Consumer Lending | #payments fraud

In the first six months of a new reimbursement scheme, £66m was returned to victims of authorised push payment (APP) scams, according to the Payment Systems Regulator (PSR) Launched in October last year, the new rules mandate banks to reimburse victims unless they were grossly negligent. Consumers reported around 109,000 claims, with 77,000 in scope for…

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payments fraud

£66m returned to APP scam victims

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