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Payment regulator consults on new rules to tackle APP scams

Photo: Adobe Stock Images

Martina Lindberg

1 min read
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PSR ponders measures to protect people from losing life-changing sums of money to APP scams.

Authorised push payment (APP) scams are growing to become a major problem in the UK. During the first half of 2022, over 95,000 incidents of APP scams were reported, with losses totalling almost £250m ($307m).

The Payment Systems Regulator (PSR) is now working on a package of measures to tackle the issue

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