Oireachtas Joint and Select Committees
Wednesday, 12 July 2023
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Authorised Push Payment Fraud: Central Bank of Ireland
Mr. Colm Kincaid:
The money is held within the regulated payments and settlements system. Throughout whichever system is being used, whether it is instant payments, which Mr. Casey referred to, or any other system, it is transacted and settled within the regulated payment system. A settlement process is used-----