Authorised push payment: Difference between revisions
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imported>Doug Williamson (Create page. Sources: linked pages and PSR webpage https://www.psr.org.uk/sites/default/files/media/PDF/PSR-APP-Scams-report-consultation_1.pdf) |
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Revision as of 14:02, 10 December 2017
Payments and payment systems.
(APP).
Push payments are payments where payment service providers (PSPs), which include banks, are instructed to transfer money from a customer’s account to another account.
It is an ‘authorised’ push payment (APP) when the customer gives their consent for the payment to be made.
This can include situations where the customer has been tricked into giving that consent.
