Oireachtas Joint and Select Committees
Wednesday, 24 May 2023
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Authorised Push Payments Fraud: Banking and Payments Federation Ireland
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
Yes. Work was done on this by the banks. I am sure many of us here and those watching would have got calls from the bank to say there had been an attempt made to buy an 85-inch television or a trip to the Bahamas, and the response would have been that this was nothing to do with us and those payments have been stopped. For unauthorised payments, a rule of thumb is that they are all reimbursed, unless the people concerned confirmed they had gone to the Bahamas and had then turned around and said it was not them. In that case, there would be no reimbursement. The rule of thumb, however, is that all such instances are reimbursed. Is that correct?
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