Herbert Smith Freehills' professional support consultant, Ceri Morgan, has written an article in the Law Society Gazette on the evolving landscape of payment processing claims against banks and other financial institutions.
One year after the seminal Supreme Court decision in Philipp v Barclays Bank UK plc [2023] UKSC 25 (see our blog post), the English courts continue to address payment processing claims from victims of authorised push payment fraud and internal fraud by rogue signatories. The article discusses the recalibration of payment processing duties and the exploration of novel causes of action in the post-Philipp v Barclays world, offering insights into this rapidly changing area of law.
Subject to any paywall restrictions, you can access the full article here: Civil litigation: Payment processing risks in a post Philipp v Barclays world.
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