<ul><li>UK's fraud reimbursement platform, run by Pay.UK for the Payment Systems Regulator, has seen slow adoption by financial institutions.</li><li>Since its launch, the platform has onboarded 558 companies out of its goal of 1,500.</li><li>Most claims are still being processed on an older system operated by UK Finance, as the mandatory adoption of the new platform was delayed.</li><li>The reimbursement rules require UK banks and payment companies to reimburse victims of authorized push payment fraud up to £85,000 ($111,000).</li></ul>

UK Fraud Reimbursement Platform Sees Slow Adoption by Financial Institutions

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