Plenitude discuss APP Reimbursement Rules with Threat Fabric
With the APP Reimbursement Rules now in force, Plenitude’s Head of Fraud, Chris Bone spoke with Threat Fabric
In this episode, Chris discusses:
Unpacking the new Payment Service Regulator (PSR) Reimbursement law and its objectives;
How the law will change the landscape of Authorised Push Payment (APP) fraud reimbursement, including the 50:50 cost sharing model, reimbursement cap, and five day timeframe
Key requirements for financial institutions in the UK to remain compliant;
Practical tips on how firms can enhance their fraud prevention measures; and