Bank of Ireland UK Hit with £3.7M Fine for 14-Month Delay in Rolling Out Anti-Fraud Safeguard
The Payment Systems Regulator (PSR) has imposed a £3,779,300 fine on Bank of Ireland UK (BOIUK), the UK subsidiary of Bank of Ireland, for a significant delay in rolling out Confirmation of Payee (CoP), a key anti-fraud measure in the UK’s payment ecosystem. Confirmation of… Read More
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