PARLIAMENTARY WRITTEN QUESTION
Electronic Funds Transfer: Fraud (27 June 2019)
Question Asked
To ask the Secretary of State for the Home Department, what recent discussions his Department has had with banks on the retrospective application of the Authorised Push Payment Scams voluntary code.
Asked by:
Chris Elmore (Labour)
Asked by:
Chris Elmore (Labour)
Answer
A new industry voluntary Contingent Reimbursement Model Code for Authorised Push Payment Scam was introduced on 28 May 2019.
Customers of those payment service providers that are signatories are protected under the Code from this date. At the outset of the design of the Code, the steering group stated that it will only apply to APP scams occurring after its implementation.
Answered by:
Mr Ben Wallace (Conservative)
3 July 2019
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