All the updated news related to authorised push payment

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Personal Finance

Proposals to reimburse scam victims are half-baked, says Treasury Committee

Proposals to reimburse victims of bank transfer scams are half-baked in their current form and need further action, according to the Treasury Committee. New financial regulations being considered by the Payment Systems Regulator (PSR) will require ...

04 Mar 2023 at 00:01

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KIlkenny TD to meet with Taoiseach on Authorised Push Payment (APP) Fraud

The Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach will meet today (Wednesday) to resume discussions on Authorised Push Payment (APP) Fraud with officials from the Department of Finance. Ahead of the meeting at 1.30pm in ...

28 Jun 2023 at 07:33

Banks given extra time to ‘break the spell’ of scammers before sending payments

Payment service providers such as banks will be given more time to contact customers, police and others when they have reasonable grounds to suspect fraud before they send a payment, under draft legislation published on Tuesday. It will give ...

12 Mar 2024 at 16:36

Personal Finance

Banks’ performance in dealing with APP scam victims revealed by regulator

A regulator has revealed the performance of individual banks in tackling authorised push payment (APP) scams and how they treated those who fell victim in 2022. To help improve transparency for consumers, the Payment Systems Regulator (PSR) ...

31 Oct 2023 at 10:23

Personal Finance

New requirements to reimburse victims of bank transfer scams set out

People who have been tricked into transferring money to fraudsters will be able to receive up to £415,000 back per claim under new requirements coming into force next year, a regulator has confirmed. The Payment Systems Regulator (PSR) ...

21 Dec 2023 at 14:34

Personal Finance

Banks will be required to reimburse APP scam victims from next year

New rules compelling banks to reimburse scam victims who have been tricked into paying fraudsters will come into force next year, a regulator has said. Most victims of authorised push payment (APP) fraud will be reimbursed within five ...

07 Jun 2023 at 15:58

Personal Finance

TSB highlights common purchase scams as shoppers gear up for Christmas

Purchase scams have made up more than half (55%) of authorised push payment (APP) fraud cases recorded by TSB so far this year, the bank has warned. As people prepare their shopping lists for Black Friday (November 29) and Christmas ...

12 Nov 2024 at 00:01

Personal Finance

People warned to ‘be alert’ to threats of online fraud

People are inclined to believe a scam is more likely to start with a phone call than online, despite internet contact being the trigger for many frauds, a survey indicates. Take Five to Stop Fraud, which released the research ahead ...

10 Feb 2025 at 10:12

Personal Finance

£66m returned to APP scam victims in first six months of rules going live

Some £66 million was returned to victims of authorised push payment (APP) scams in the first six months of a new reimbursement scheme going live, according to a regulator’s figures. Rules requiring banks to reimburse people who ...

16 Jul 2025 at 15:20

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