Journal of Advanced Computer Science and Technology Research

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Banks could be forced to reimburse all scam victims under rules proposed by the payments watchdog

by Bryon Dowie (2021-04-07)

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Banks could be forced to reimburse all scam victims under rules proposed by the payments watchdog.

High street giants may also be ordered to reveal their refund rates following revelations that some banks are returning money in full to as few as 1 per cent of customers.

Despite a new code of conduct introduced in 2019 to ensure fraud 우리카지노 victims are treated fairly, 우리카지노 less than half of money stolen is being refunded.

The proposal by the payments watchdog could include forcing all banks to commit to another new code of conduct, 우리카지노 or 우리카지노 changing the rules around 'faster payments'. (Stock image)

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