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star this property registered interest false more like this
star this property date less than 2019-10-30more like thismore than 2019-10-30
star this property answering body
Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury remove filter
star this property answering dept sort name Treasury more like this
unstar this property hansard heading Electronic Funds Transfer: Fraud remove filter
star this property house id 1 more like this
star this property legislature
25259
unstar this property pref label House of Commons more like this
star this property question text To ask the Chancellor of the Exchequer, what assessment he has made of the potential benefits of the UK Finance proposal for a Faster Payment Scheme Change Request to provide a long-term sustainable funding system for reimbursing of victims of authorised push payment fraud. more like this
star this property tabling member constituency Ogmore more like this
star this property tabling member printed
Chris Elmore more like this
star this property uin 7748 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-11-04more like thismore than 2019-11-04
star this property answer text <p>The Government takes Authorised Push Payment (APP) fraud extremely seriously. Victims and their families can suffer both serious financial and emotional harm and it is right that industry takes the necessary steps to protect consumers.</p><p> </p><p>The Payment Systems Regulator, which was set up by the Government in 2015, established a steering group to develop a voluntary industry Code of good practice that set the circumstances in which customers will be reimbursed if they fall victim to these kinds of scam. The Code became effective on 28 May 2019.</p><p> </p><p>Pay.UK, under whom the Faster Payments Scheme sits, have consulted on the Change Request, which would introduce a levy on Faster Payments transactions for the reimbursement of victims in the long-term. The final decision sits with Pay.UK and it would not be appropriate for the Government to comment on the specifics of this proposal.</p> more like this
star this property answering member constituency Salisbury more like this
star this property answering member printed John Glen more like this
star this property question first answered
less than 2019-11-04T14:06:36.253Zmore like thismore than 2019-11-04T14:06:36.253Z
star this property answering member
4051
star this property label Biography information for John Glen more like this
star this property tabling member
4572
unstar this property label Biography information for Chris Elmore more like this