Policy submission
PSR consultation on Specific Direction on Faster Payments participants: Implementing the reimbursement requirement - Which? response
Which?'s response to the PSR's proposals for a specific direction on Faster
Payments payment service providers (PSPs) and for a revised implementation date
for mandatory reimbursement
1 min read
Summary:
- We support the PSR using a specific direction to require all PSPs in scope of the new reimbursement requirement to reimburse APP fraud victims.
- The PSR should not delay the implementation of the mandatory reimbursement system until October 2024.
Download our full response here
pdf (89 KB)
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