SCAM victims could lose their life savings if a long-term refund pot deal is not agreed soon with banks, consumer experts warn.was launched by the banks in May. It made it easier for people tricked into transferring money directly to a fraudster to get their money back.
Which? said the final decision sits with Pay.UK, “which now has the important task of either ensuring the favoured industry and consumer group proposal is agreed, or making a decision that risks blameless scam victims being left unprotected from January 1”.ExclusiveTesco announces month long LEGO toy sale with half price off most setsCOOKING UP A STORMSpread the Christmas cost and be £1,500 better off with our planner, Lloyds, Metro, Nationwide and RBS.
Which? said the plan — for banks to pay a small fee on some transfers to collectively fund the pot — was agreed after months of talks. It would see a 2.9p levy applied to some types of faster payment. Losses to this type of scam — also known as authorised push payment — rose to £147million in the first six months of this year.a story? Ring The Sun on 0207 782 4104 or
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