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Bank accounts and sort codes are not particularly secure - I might for example give these out to someone making a payment to me, and some businesses publish thi
by sc00ter 15y ago
Bank accounts and sort codes are not particularly secure - I might for example give these out to someone making a payment to me, and some businesses publish this information as a matter of course.
What additional checks do you undertake to ensure that the person using the service to make a payment is the owner of the bank account in question?
(I'm not saying Credit Cards are perfect, but they do allow for a lot of additional information to be verified to confirm the cardholder.)
- tomblomfield 15y agoWe work with the banks and a number of third-party identity-checking providers to verify that the bank details match the identify given. There's also a lot of additional stuff going on to match the person at the keyboard with the identity provided. It's worth noting that there's a very strong consumer guarantee in case of fraud: http://www.bacs.co.uk/bacs/businesses/directdebit/collecting/pages/customersrights.aspx http://www.bacs.co.uk/bacs/businesses/directdebit/collecting...