Oireachtas Joint and Select Committees

Wednesday, 31 May 2023

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Authorised Push Payments Fraud: Discussion (Resumed)

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

I take on board that we may be dealing with foreign banks and the fraud happened online so it is a matter for where they are domiciled. There may be issues in relation to that and, as Mr. Cryan said, numerous attempts regarding one person's card or account. Outside of that, even with those exceptions and even if the number was as small as 2,000, if they are frauds, they have to be paid back. They are reported to the Garda by the banks. Does that mean they go onto the PULSE system?

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