14 Feb 2023

Why clamping down on APP fraud is a delicate balancing act for the PSR

On 25 November, the Payment Systems Regulator (PSR) closed its consultation on new proposals to help address Authorised Push Payment (APP) scams. Before it proceeds to implementation, we encourage the PSR to consider the potential impact of its APP scam proposals on the ability of Open Banking-enabled account-to-account (A2A) payments to effectively compete as a retail payment method.

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