What’s up with APP? Realities of the reimbursement requirements

We sat down with Claire Simpson, Senior Manager of Policy for the PSR, focussed on the authorised push payment fraud regulations, to catch up on the most recent developments with their reimbursement requirements.

Claire highlights the importance of the new reimbursement requirements for setting incentives on both sending and receiving firms, and how we are witnessing a change in behaviour and approach to compliance, with risk and transaction monitoring measures increasing.

Alongside their introduction of confirmation of payees and publication of performance data, they hope this will reduce instances of APP fraud in the UK.

Watch the video below to find out more…

Wanting to keep up with the latest developments in the fraud and financial crime ecosystem?

Join us for FID Fraud & FinCrime on March 19th in London, or the summer edition of  FID Fraud & FinCrime on  13 May (also in London).