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Will new UK rules reduce the harm of push-payment fraud? – Bentham’s Gaze

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Our research has found that security instructions described in terms and conditions of banks are inconsistent, confusing and far exceed what customers do in practice and what they can achieve with realistic effort. Therefore failing to take appropriate care should not be defined in terms of non-compliance to such documents. Banks should present evidence that their authentication systems will lead customers to act in a way that would allow them to readily prevent fraudulent transactions.

From Will new UK rules reduce the harm of push-payment fraud? – Bentham’s Gaze.

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