Roger Beaumont: New Zealand Banking Association CEO on the new wave of anti-scam measures for online banking - Heather du Plessis-Allan Drive

New anti-scam measures are on the way for online banking.

The New Zealand Banking Association has today announced our banks will roll out a 'confirmation of payee' service by the end of the year.

It will make direct cash transfers more secure, by cross checking names registered to accounts when transfers are made.

Chief executive Roger Beaumont says this project has been in the works since September 2023. 

"This is something that takes time, it has been progressed since we announced that in September - and we're moving at that pace." 

LISTEN ABOVE

See omnystudio.com/listener for privacy information.