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Banks breathe ‘sigh of relief’ as Supreme Court backs Barclays in APP fraud case

Today’s judgment in Philipps v Barclays find that British banks can’t be held responsible for fraudulent transactions if authorised by the consumer. Our CEO, Mike LaCorte, was featured in City A.M. and Bloomberg following the judgment, highlighting that while a relief to the banking sector, APP fraud remains a huge challenge and banks need to redouble efforts to educate consumers against fraud.

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