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

Ms Niamh Davenport:

We are actually doing well. We are probably ahead of our European counterparts on this. The UK has the code in place for reimbursements but it also has a lot in the preventative space, like the sharing of information, which I keep repeating, but it is a key element. We align ourselves with our EU counterparts and we are very proactive. Our education and awareness programme, FraudSMART, was recently used as an example across Europe of what should be done. We would like to do more in that space. It is a very limited programme but hopefully we can do more. I would like to stress that we are not behind by any stretch of the imagination. We are doing what we can within our remit.

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