Some time back, Harrow council website informed about scams, types of scams and how to report these and protect from becoming victims of scamming.
Hope the council would update the information and highlight that from 7 October 2024, new UK-wide banking regulation from the Payment Systems Regulator (PSR) comes into effect which will change the way authorised push payment scams are dealt with.
These new mandatory rules are designed to make the process more consistent across the UK payment industry.
The APP scam is paying someone who is not who you thought would be, or the payment is for a different reason than you expected.
The PSR has decided that the maximum reimbursement limit for Faster Payments will be £85,000 (usually paid within 5 days).
But, any claims following a scam may be subject to a £100 excess, and no money back if the claim is under £100. Wish these conditions could have been relaxed for pensioners, elderly or vulnerable who are more likely to be targeted for the small amount of fraudulent transaction!
However, these rules for the faster payments don’t apply to overseas payments or any payments using cash, cheque or card payments.
We have seen letters from some local banks to their customers informing about the new regulations – would be nice for others to follow the good example!
Hope the council would update the information and highlight that from 7 October 2024, new UK-wide banking regulation from the Payment Systems Regulator (PSR) comes into effect which will change the way authorised push payment scams are dealt with.
These new mandatory rules are designed to make the process more consistent across the UK payment industry.
The APP scam is paying someone who is not who you thought would be, or the payment is for a different reason than you expected.
The PSR has decided that the maximum reimbursement limit for Faster Payments will be £85,000 (usually paid within 5 days).
But, any claims following a scam may be subject to a £100 excess, and no money back if the claim is under £100. Wish these conditions could have been relaxed for pensioners, elderly or vulnerable who are more likely to be targeted for the small amount of fraudulent transaction!
However, these rules for the faster payments don’t apply to overseas payments or any payments using cash, cheque or card payments.
We have seen letters from some local banks to their customers informing about the new regulations – would be nice for others to follow the good example!












Soon after the prime minister Sunak announced 4th July general election, Pamela Fitzpatrick independent parliamentary candidate for Harrow West, was quick to issue the following video statement:
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