The PSR has outlined how it plans to publish APP scam data for 2024. Before the mandatory reimbursement requirement came into force in October, it published data annually. For the last cycle of 2024, it is planning to publish 2 sets of data, so as to separate data before and after the requirement kicked in. The first set will cover the 14 largest banking groups and relate to transactions that took place over FPS before 7 October and where the case was closed during 2024, and the second will cover aggregate industry data on cases involving transactions that took place on or after 7 October and were closed by the end of 2024. Going forwards, it is planning a review to seek views on how future reporting can align with consumer needs, regulatory requirements and its commitment to transparency.
PSR updates on scam data publication plans
