New Fraud Refund Mechanism Could Exclude a Quarter of Victims, TSB Warns

TSB is warning that around a quarter (25%) of fraud victims could be “denied reimbursement under the Payment Systems Regulator’s proposed refund mechanism, due to be introduced next year.” TSB claims it has long-campaigned “for higher fraud protections across the banking industry – and in… Read More
Read more in: Fintech, General News, Global | Tagged europe, financial services, fraud, fraudulent activities, paul davis, payment systems regulator, refund mechanism, reimbursement, theft, tsb, uk, united kingdom