the British banking institutions develop a mechanism of compensation of losses to cardholders affected by fraud, according to BBC. Body, the control the British money transfer system Pay.UK urges industry and regulators to work together to find a solution.
Stephen Jones, the Executive Director of UK Finance, which represents UK banks, said: "Providing victims of fraud with APP compensation in case of theft of their money by criminals is an absolute priority for the payment industry".
However, in today's banking environment the UK has not developed a unified approach to solving the problem of return of money stolen by fraudsters.
In the first six months of this year, the depositors of British banks lost more than 208 million pounds for fraudsters, posing as Bank employees, construction contractors, lawyers or even police officers, who tried to persuade them to send money from their accounts.
Only the fifth part of the stolen money was returned, as a rule, after it was proven the innocence of the client and irregularities in the Bank.
From may in the UK came into force an interim agreement between the eight banks on the payment of compensation in situations without guilt, when neither the victim nor the Bank were found guilty of losing money.
