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<p>The Government recently welcomed publication of the Contingent Reimbursement Model
industry code, which came into effect on 28 May. This marks a significant step forward
in the fight against Authorised Push Payment (APP) frauds, which involve customers
being tricked into sending monies to a fraudster via a Payment Service Provider (PSP).</p><p>The
code will ensure all customers transferring money between payment service providers
that are signatories to the code will be fully reimbursed if the consumer has done
everything they should to prevent the scam occurring. This code will also provide
a greater level of protection for customers considered to be vulnerable to this type
of fraud.</p>
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