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What if you produce the mandate signed by someone impersonating the customer? I imagine that is the typical case for ACH fraud. Not everyone has their own ACH c
by closeparen 6y ago
What if you produce the mandate signed by someone impersonating the customer? I imagine that is the typical case for ACH fraud. Not everyone has their own ACH connection; you would plug in a stolen account number at some merchant.
- mschuster91 6y agoTo be honest I don't know who is held liable if you can prove you have had a valid mandate, never had to dive that deep into the rabbit hole that is SEPA - and I guess the specific rules depend on the country you're in. I assume though that similar to CC fraud, one or both banks involved eat the loss.