TSB partners Vocalink to protect customers from Authorised Push Payment fraud

Friday 27 September 2019 08:50 CET | News

TSB has announced that it will deliver Confirmation of Payee for its customers via Vocalink, to prevent digital customers sending money to the wrong bank account.

The ‘Verify Account Name’ service will protect TSB’s customers who are targeted by Authorised Push Payment (APP) fraud. The technology builds on Vocalink’s anti-money laundering solution, which enables suspicious payments to be tracked as they move between bank and building society accounts.

In April 2019, TSB announced a UK banking first, a Fraud Refund Guarantee, to ensure the bank’s customers are protected if they are an innocent victim of fraud, whether it’s unauthorised transactions on their accounts or customers tricked into authorising payments to fraudsters.

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Keywords: TSB, VocaLink, APP fraud, banking, AML
Countries: World