Skip to content
global forex
Menu
  • Business
  • Economy
  • Forex
  • Internet
    • Technology
  • Markets
    • Stock market
  • online trade
  • Personal Finance
  • Contact Us
Menu

Santander ramps up fraud alerts to protect customers’ online payments 

Posted on June 14, 2022 by global forex

Santander ramps up fraud alerts to protect customers making online payments

By Amelia Murray For The Daily Mail

Published: 22:01, 17 May 2022 | Updated: 09:26, 18 May 2022

Santander is ramping up its fraud alerts to help protect customers making online payments.

Under a code of conduct introduced in May 2019, banks must present customers with ‘effective’ warnings about scams when they transfer money. 

Fraud checks: Santander says it will start asking a series of questions to determine what scam customers are most at risk from, then show a tailored warning

Money Mail has revealed that many such messages are generic and unlikely to protect customers. 

But Santander says it will start asking a series of questions to determine what scam customers are most at risk from, then show a tailored warning.

If the customer says they are transferring money for an investment, for example, they will be asked how they heard about it and whether it is in the UK. 

And if the bank is concerned, it may request further checks before the payment goes through.

Share or comment on this article:

Some links in this article may be affiliate links. If you click on them we may earn a small commission. That helps us fund This Is Money, and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • google search engine seo tutorial for beginners
  • Dividend stocks for beginners profit from investing
  • How to earn from Tiktok
  • Learn to profit from gold trading
  • How to invest money and make it work for you
©2023 | Design: Newspaperly WordPress Theme