Banking and Finance: Banks breathe ‘sigh of relief’ as Supreme Court backs Barclays in APP fraud case

20 Jul 2023 11:59 AM | Anonymous member (Administrator)

Banks will not face extensive new duties to prevent authorised push payment (APP) fraud after the Supreme Court sided with Barclays in a closely watched case.

The ruling means banks will not be held liable for fraudulent transactions requested by customers, avoiding a potential wave of fraud litigation.

https://www.cityam.com/banks-breathe-sigh-relief-as-supreme-court-backs-barclays-in-app-fraud-case/


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