Push-payment fraud victims could receive compensation, says regulator

The Payment Systems Regulator says current procedures for dealing with the fraud are inconsistent and do not offer sufficient protectionSome people who have been tricked into transferring money to fraudsters would be eligible for compensation under new plans designed to tackle this fast-growing crime.
Banks typically refuse to reimburse victims of bank transfer scams, where people are conned into sending cash to a fraudster’s account, but the Payment Systems Regulator (PSR) is proposing a