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Roger Beaumont: Banks to introduce Confirmation of Payee system
Manage episode 444456745 series 2098282
In a crucial step towards reducing scams, banks will introduce a Confirmation of Payee system next month to be fully in place by Easter of next year.
The system notifies a customer if the name and account they are transferring money into don't match up.
Similar schemes have been successful in Australia and the United Kingdom.
New Zealand Banking Association Chief Executive Roger Beaumont joins Francesca Rudkin with more on how it works.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
7656 에피소드
Manage episode 444456745 series 2098282
In a crucial step towards reducing scams, banks will introduce a Confirmation of Payee system next month to be fully in place by Easter of next year.
The system notifies a customer if the name and account they are transferring money into don't match up.
Similar schemes have been successful in Australia and the United Kingdom.
New Zealand Banking Association Chief Executive Roger Beaumont joins Francesca Rudkin with more on how it works.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
7656 에피소드
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