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

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

Okay. What we are looking at here is the issue of customers being defrauded and ending up substantially out of pocket. Regarding authorised push payments, which is what we are discussing, the value of these types of payment is significantly higher than the most common types of unauthorised push payments. Is that correct?

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