APPR Legislation Comes into Effect in the UK; How Will This Impact A2A Adoption?
The new authorised push payment reimbursement policy (APPR) from the Payment Systems Regulator (PSR) came into effect on October 7th 2024; prescribing mandatory reimbursement for victims of APP (Authorised Push Payments) fraud, with the cost of losses split 50:50 between sending and receiving banks.
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