Remove CRM Remove Romance Scams Remove SWIFT
article thumbnail

PSR Reveals Huge Disparity in How Banks Approach to APP Fraud Claims

The Fintech Times

“Notably, while other types of APP scams are declining, romance scams are on the rise, indicating a pressing need for increased efforts to combat these crimes. CRM members reimbursed 68 per cent of fraud value back to consumers in 2023. Rocio Concha, director of policy and advocacy at Which?

Scams 64