Matthew Patrick

Matthew Patrick

Labour — Wirral West

Speaking in the House of Commons on 11 September 2024

Debate

Financial Fraud and Economic Crime

Contribution

I declare an interest: prior to entering Parliament, I worked at Pay.UK, the payment system operator for the UK. I thank my hon. Friend for securing this important debate. He raises an important point, not just about the cost of fraud to people and businesses, but about data sharing across banks. Does he agree that a modernised payment system might allow us to collect more data, which could be used across the industry to identify, tackle and prevent fraud at the source, saving businesses and customers lots of money in the future?

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