Bloomberg Daybreak: Europe Edition cover image

Bond Traders Take Record Risk, Obama Energizes Democrats & No Gaza Cease-Fire

Bloomberg Daybreak: Europe Edition

CHAPTER

Navigating the Risks of Authorized Push Payment Fraud

This chapter explores the growing issue of Authorized Push Payment fraud, particularly through scams involving fake concert tickets. It highlights the current banking practices related to refunds, the lack of legal obligations for banks, and discusses upcoming regulatory changes that aim to hold payment firms accountable for reimbursing victims.

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