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UK banks lose £341m annually to push payment fraud, with reimbursement rates varying between banks; a new mandatory scheme begins in Oct 2024.
UK banks lose customers £341m annually to push payment fraud, with reimbursement rates varying significantly between banks.
TSB, Nationwide, and HSBC/First Direct top the list for reimbursing victims, at 88%, 87%, and 76% respectively.
Smaller firms receive disproportionately higher rates of cash from push payment fraud, indicating potential weaknesses in their detection systems.
A new mandatory reimbursement scheme is set to come into effect from October 2024, aiming to improve fraud victim reimbursement.
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Los bancos del Reino Unido pierden 341 millones de libras anuales para impulsar el fraude de pagos, con tasas de reembolso que varían entre bancos; un nuevo esquema obligatorio comienza en octubre de 2024.