That's the new online fraud banking check
From now on, the bank will notify the user if the recipient's name and IBAN code do not match, as this measure is intended to nip in the bud the transfer fraud.
Bank transfers are changing. From now on, before an operation is carried out, the banks will verify that the beneficiary's name and account number (IBAN) match.
This measure is part of the new European Immediate Payments Regulation , which has been in force since this month, with the clear aim of preventing fraudsters from taking advantage of errors or deceptions in the recipient's data.
Until now, transfers were processed by organizations only on the basis of the IBAN code, even if the name did not match. This gap facilitated increasingly common fraud, such as phishing or supplanting.
With the new system, known as Veriation of Payee (VoP), the bank will alert the user before sending the money. It does not block payment, but it does provide a second chance to review information and avoid transfers to fake accounts.
Entities which do not apply this control properly must return the money in the eventof fraud, as provided for in the new European regulations.
Industry experts stress that the measure 'brings Europe closer to a safer and more transparent payment model', but warn that verification is not a substitute for user responsibility.
You might like
Entertainment technicians call for three strike days at parties in the three Basque capitals
The mobilizations, which will take place on 5, 14 and 26 August, are supported by the Gasteiz Txosna Commission, the Donostia Pirates and Bilboko Konpartsak, who want to denounce the "lack of progress" in improving working conditions in the sector.
The current power of self-consumption of electricity in the Basque Country is 27 times that of five years ago
At the opening of the Vidrala photovoltaic plant, the Industry Advisor stressed that this self-consumption will help reduce dependence on fossil fuels.
SMEs could join the indefinite state strike in September despite an agreement with Osakidetza
They explain that with the agreement signed on Monday, some of the requests that doctors made specifically to Osakidetza have been settled, that their position on the Framework Statute has not changed, that they still disagree, and that the possibility of a strike remains on the table.
It will be news: the conflict between doctors, the heat at the forefront and 34. Presentation of the Euskal Encounter
In two words, a summary of what will be news of the Present today.
U.S. justice halts the merger of Paramount and Warner for 14 days
A coalition of 12 states in the country filed a lawsuit to stop the process because of the potential monopoly risks it poses.
The Aiaraldea Industry Bureau presents the conclusions of a reflection process that has lasted at least a month
The institutions that make up the Bureau, companies, economic and social actors and political representatives see in the Alavesa region "sufficient capacity, knowledge and competitive advantages to build a new era of growth".
Will doctors continue the strike after the agreement between Osakidetza and SME?
The Medical Union of the Basque Country and the other unions that make up the State Strike Committee announced an indefinite strike from September, following the adoption of the General Statutory Framework in June. This agreement with the management of Osakidetza improves some of the working conditions of doctors, but does not meet all their demands.
Basauri will promote 362 homes until 2029, after the government declared it a tense area
The Basque Government and the City Council have presented an action plan to limit rental prices and remove empty houses.
The European Commission has fined AliExpress EUR 550 million for the sale of illegal products and counterfeits
In addition, the European Commission has required the Chinese e-commerce platform to take corrective measures to meet European standards.
All trade unions except SMEs have left the Osakidetza Sectoral Bureau
In addition to the content of the document submitted by the Department of Health, the trade unions, with the exception of the Medical Union of the Basque Country, have complained that the agreement has been bilateral between the Department of Health and the SME and negotiated outside collective bargaining.