Policy submission

PAY.UK call for information on faster payments rule change - Which? response

1 min read

Which? strongly supports the proposal by UK Finance to introduce a FasterPayments Scheme rule requiring users to pay a fee to refund victims of authorised push payments scams in ‘no blame’ scenarios. Pay.UK should go further to help to communicate this to consumers in the form of a new Faster Payments guarantee, similar to the guarantee that Pay.UK oversees for direct debits.