Fraud prevention: System that makes a name as important as your bank account number when making a payment delayed until next year

18 Feb 2019 10:39 AM | Anonymous member (Administrator)

A system designed to better protect banking customers from authorised push payment scams that cost them nearly £150million in the first six months of 2018 will not be ready until next year, the head of UK Finance has admitted to MPs.

https://www.dailymail.co.uk/money/beatthescammers/article-6704155/Confirmation-Payee-help-prevent-bank-account-fraud-delayed.html


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