PSR confirms APP scam data publication plans

PSR has confirmed  that it will direct 14 large UK PSPs to collect and provide  APP scam data to it which will cover 95% of transactions. The data will show:

  • the proportion of APP scam victims who do not get reimbursed
  • the rates of APP scams happening at sending payment firms
  • the rates of APP scams happening at receiving payment firms

PSR will require firms to provide it with the first set of data by the end of May and it will be published in October. Thereafter, it will be published every 6 months.

Emma Radmore