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

We talked about authorised and unauthorised push payments. I refer to a case that where somebody hijacks or gains access to someone's account through a PIN and so on, then goes into it and makes the payment. We have broadly discussed authorised push payments in this committee where people have made payments themselves. They have been scammed but they have actually made the payments. There are other authorised push payments which the account holders never authorised in the first instance but somebody has got control of their bank accounts through, for example, access to 365 online, to an app and so on, through some of the mechanisms discussed earlier. Would that type of transaction be an authorised transaction?

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