Fraud prevention: New Fraud Prevention Tool Now Being Used by UK’s Six Largest Banks

20 Jul 2020 9:28 AM | Anonymous member (Administrator)

The UK’s major banking groups have fully introduced the ‘Confirmation of Payee’ system, previously announced in October 2018, allowing clients to spot fraud and stop payments if necessary. However, this now puts the onus on the customer when continuing with the transfer.

 https://thefintechtimes.com/new-fraud-prevention-tool-now-being-used-by-uks-six-largest-banks/


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