A new 'confirmation of payee' service is being rolled out by the banks.

Now when making a bank transfer to someone new, when entering in the name and account number, users will now get a warning if the two don’t match.

The idea is to make it easier to spot being scammed.

GetVerified chief executive Duncan Robertson joined Heather du Plessis-Allan.

LISTEN ABOVE

A new 'confirmation of payee' service is being rolled out by the banks.
Now when making a bank transfer to someone new, when entering in the name and account number, users will now get a warning if the two don’t match.
The idea is to make it easier to spot being scammed.
GetVerified chief executive Duncan Robertson joined Heather du Plessis-Allan.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Duncan Robertson: GetVerified chief executive on new confirmation of payee service being rolled out by banks

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/a7289be0-e38e-4aa9-811f-b237005aad86/transcript

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