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)
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If my debit card details were compromised and somebody bought whatever it was - a jacuzzi - in Bermuda using my card, the bank would pay that back to me because it was done through my card and it was an unauthorised payment. I am reimbursed the €6,000 for the jacuzzi they are now lying out in in Bermuda. The bank, as part of its reporting, then notifies Mr. Cryan's division that there was a fraud and my card was fraudulently accessed. Is that correct?