Duncan Robertson: GetVerified chief executive on new confirmation of payee service being rolled out by banks - Heather du Plessis-Allan Drive

A new 'confirmation of payee' service is being rolled out by the banks.

Now when making a bank transfer to someone new, when entering in the name and account number, users will now get a warning if the two don’t match.

The idea is to make it easier to spot being scammed.

GetVerified chief executive Duncan Robertson joined Heather du Plessis-Allan.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.