Hands up if you like paying insurance. No? I didn’t think so. You might stick by them for years, diligently renewing your policy, but what do you get for all your loyalty? Zilch.
The Payment Systems Regulator has announced it is consulting on plans to reimburse victims of bank transfer scams. While it’s a huge step forward, there is still more to do. (more on PSR reimbursement scheme…)