{"id":36362,"date":"2016-11-29T16:30:45","date_gmt":"2016-11-29T09:30:45","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/banks-act-to-stop-transfer-scams-and-errors\/"},"modified":"2016-11-29T16:40:38","modified_gmt":"2016-11-29T09:40:38","slug":"banks-act-to-stop-transfer-scams-and-errors","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/banks-act-to-stop-transfer-scams-and-errors\/","title":{"rendered":"Banks act to stop transfer scams and errors"},"content":{"rendered":"


\n\u2018Confirmation of payee\u2019 system matches account number to holder\u2019s name, so users will know cash is going to right recipientBritain\u2019s banks and building societies are promising a radical change to the way account holders send money to other people in a bid to tackle ballooning fraud and \u201cfat finger\u201d problems.In future, the \u201cconfirmation of payee\u201d system will mean that when someone types in a sort code and account number to transfer some money, they will receive an instant message saying something like \u201cIs \u2018Fred Bloggs\u2019 the person\/business you intended to send the money to?\u201d Crucially, this will appear before the money leaves the person\u2019s account. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Banks act to stop transfer scams and errors<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u2018Confirmation of payee\u2019 system matches account number to holder\u2019s name, so users will know cash...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-36362","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-9su","jetpack-related-posts":[{"id":21392,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/action-at-last-on-bank-transfers-to-make-them-safer\/","url_meta":{"origin":36362,"position":0},"title":"Action at last on bank transfers to make them safer","date":"July 30, 2016","format":false,"excerpt":"\r Financial authorities have finally proposed introducing a \u2018confirmation of payee capability\u2019 to the payments system, likely requiring some form of ID Guardian Money has long argued that UK bank transfers need some simple but important reforms that would stop a great deal of bank fraud in its tracks, but\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":76126,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/french-phishing-scams-and-refund-claims\/","url_meta":{"origin":36362,"position":1},"title":"French Phishing Scams and Refund Claims","date":"January 9, 2018","format":false,"excerpt":"\r A recent case in the French courts has strengthened the position of banks who resist the refund of unauthorised payments from a customer account.\r \r Source : french-property.com\r Read more...French Phishing Scams and Refund Claims","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":154546,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/malaysias-home-minister-ridiculed-after-his-whatsapp-account-hacked\/","url_meta":{"origin":36362,"position":2},"title":"Malaysia\u2019s home minister ridiculed after his WhatsApp account hacked","date":"May 27, 2025","format":false,"excerpt":"\r Malaysia\u2019s home minister has been hit by a wave of public ridicule after his WhatsApp account was hacked, raising questions over the country\u2019s digital protections when its top security official has been targeted by cyber criminals. Mobile phishing scams are rampant in Malaysia, with citizens frequently harassed by calls\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":38400,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/recycled-bank-accounts-can-mean-sending-money-to-the-wrong-person\/","url_meta":{"origin":36362,"position":3},"title":"Recycled bank accounts can mean sending money to the wrong person","date":"December 17, 2016","format":false,"excerpt":"\r We talk to a couple who thought they\u2019d transferred some money to their son, but ended up losing more than \u00a31,000A chartered accountant and his wife are \u00a31,100 out of pocket after discovering that their son\u2019s old bank account number has been given to someone else. The couple have\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":97972,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/banks-called-in-to-help-battle-against-consumer-scams\/","url_meta":{"origin":36362,"position":4},"title":"Banks called in to help battle against consumer scams","date":"September 17, 2018","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...Banks called in to help battle against consumer scams","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":38290,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/banks-must-do-more-to-improve-response-to-scams-says-watchdog\/","url_meta":{"origin":36362,"position":5},"title":"Banks must do more to improve response to scams, says watchdog","date":"December 16, 2016","format":false,"excerpt":"\r Payment Systems Regulator says banks should cooperate better when customers are tricked into cash transfers by fraudstersBanks need to work harder to improve their responses to scams, a watchdog has said.The Payment Systems Regulator was responding to a \u201csuper complaint\u201d from the consumer group Which? that said banks were\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/36362"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=36362"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/36362\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=36362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=36362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=36362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}