Authorised push payment (APP) fraud remains an issue, and the existing reimbursement regime has its limits. The result is that victims of APP fraud continue to seek to recoup their losses through the courts via increasingly creative means. As a result, the current landscape regarding the liability banks and payment services providers face may be shifting further
LINKS
Read "Authorised Push Payment Fraud: A Shifting Landscape," co-authored by Elizabeth Fox and Stephanie Silverston, on the Corporate Disputes website. (subscription)