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
Mr. Richard Walsh:
The banking sector only really becomes aware when money starts to move in a transaction. We do not know whether that 1% figure relates to people who have gone the whole way through the process, have fallen victim and made a payment, or whether it is smaller. All we know is when the money moving is taking place and when the customers realise.
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