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6 Nov 2024 1:23
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  •   Home > News > Business

    An extra weapon against banking scams - but customers still need to play their part

    An extra weapon against banking scams - but customers still need to play their part


    A Confirmation of Payee system's rolling out banks from next month - to be fully in place next Easter.

    It notifies a customer whether the name and account they're paying to, match up - or don't.

    But Banking Association chief executive, Roger Beaumont, is reminding there's no silver bullet against scams.

    He says customers need to remain vigilant whenever paying money out of their account - and be confident of who they're paying and the account number.

    © 2024 Newstalk ZB, NZCity

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