Course description
Payment services’ liability requirements for fraudulent payments are designed to protect customers as well easing the burden for payment service providers. Some of these requirements are specified regulatory obligations whilst others are industry code for payment service providers, which they can sign up to on a voluntary basis.
Kai Zhang presents this webinar that will be a detailed discussion on the liability-allocation requirements when a fraudulent payment is made, and the issues surrounding some of those requirements. It will particularly focus on the risks that have emerged from online payments, the regulator’s requirements and how they expect them to be implemented.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
The requirements on liabilities for fraudulent payments attempt to strike a balance between protection of consumers and burden on payment service providers.
Some of the requirements are mandatory in that they are specified regulatory obligations on payment service providers and others are industry code (for the time being) that payment service providers may sign up to on a voluntary basis.
Given that payment fraud is one of the major issues for the industry (particularly with the ever-increasing acceptance of online payments), it is therefore important for firms to understand what the requirements are and what expectations the regulator has with respect to their implementation.
This short new webinar is primarily directed at authorised payment service providers and their advisors, with a detailed discussion on the liability-allocation requirements (where there was a fraudulent payment) and the issues/debates surrounding some of the requirements.
What You Will Learn
This webinar will cover the following:
- Requirements on fraudulent payments including the industry code
- Allocation of liabilities amongst different payment service providers in the payment chain, such as the account servicing payment service provider, payment initiation service provider, and the recipient payment service provider
- Issues and uncertainties surrounding these requirements
- Possible future developments
Expenses
MBL Seminars Limited
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