Britain’s payments industry calls for delay and cut in scam compensation rules
LONDON, June 10 (Reuters) – Britain’s payments sector on Monday called on its regulator to roll back and delay by a year tough new compensation rules due to start in October, saying that “significant changes” were needed to avoid damaging competition.
The Payment Systems Regulator (PSR) said in December that banks and other payment firms must reimburse defrauded customers to a maximum of 415,000 pounds ($528,000) from October.
Source: REUTER