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If you read the followup, that man ended up getting his money back. Additionally, it would be astronomically unlikely to make a mistake like that nowadays becau
by HL33tibCe7 5y ago
If you read the followup, that man ended up getting his money back. Additionally, it would be astronomically unlikely to make a mistake like that nowadays because confirmation of payee is used so widely (banks check that the name of your recipient matches the intended name before completing a transaction).
[0] https://www.psr.org.uk/publications/consultations/cp19-4-confirmation-of-payee-response-to-the-first-consultation-and-draft-specific-direction-for-further-consultation/ https://www.psr.org.uk/publications/consultations/cp19-4-con...
- posterboy 5y agoBut this costs us much much more than 500k in sum