Member

Regarding the amendment to require the FCA to publish an annual report on payment service providers’ authorised push payment fraud performance, the Government agree it is important that payment service providers are taking adequate measures to prevent fraud. The PSR has previously published data regarding the performance of individual payment providers, alongside data on where fraud was initiated. The PSR will consider its approach to these data releases following the conclusion of the independent evaluation of its APP scams policies and will shortly provide a public update on its future plans.