On 27 February 2020, UK Finance announced that the interim funding arrangement to pay compensation to victims of authorised push payment (APP) scams in situations where both the customer and their bank have met the standards expected of them under the APP scams voluntary code is being extended to 31 December 2020. The payment service providers who have provided the interim funding since the code was launched have agreed to continue doing so until the end of this year to allow more time for regulators, government and industry to deliver a long term, sustainable funding arrangement.