Barclays appeals liability for push payment fraud

By Lucia Osborne-Crowley (8 February 2022, 17:43 GMT) — A customer who lost £700,000 ($948,600) to push payment fraud has urged the Court of Appeal to find that Barclays had a duty to protect her from the scam and orders the financial services giant to reimburse the lost money.

Lawyers for Fiona Philipp told the Court of Appeal that the High Court was wrong to conclude that BarclaysBank UK PLC had no obligation to repay the money Philipps lost when she suffered a self-defeat -so-called authorized push payment fraud, in which scammers claiming Regulators convinced her to transfer money to their account.

Hugh Sims…

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

  • Access to case data in articles (numbers, filings, courts, nature of lawsuits, etc.)
  • Access to attached documents such as briefs, motions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and more!

TRY LAW360 FREE FOR SEVEN DAYS

About Matthew R. Dailey

Check Also

Abu Dhabi’s ADDED introduces easy payment plan for business owners

Abu Dhabi Department of Economic Development (ADDED) has signed an agreement with First Abu Dhabi …