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NatWest to allow personalised bank transfer caps to fight fraud
source link: https://fintechranking.com/2021/05/22/natwest-to-allow-personalised-bank-transfer-caps-to-fight-fraud/
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NatWest to allow personalised bank transfer caps to fight fraud
NatWest Group customers can now set their own daily bank transfer limits, in a move aimed at reducing fraud, and other banks could follow suit, Which? Money reveals.
NatWest is hoping that giving customers more control will reduce authorised push payment (APP) scams – where victims are convinced to move money to an account controlled by a criminal.
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