SmarterPay Moves to Close £700 Million Bank Account Takeover Fraud Loophole
Fintech Finance
OCTOBER 22, 2024
A banking loophole leaving account holders vulnerable to fraud can be closed by a groundbreaking development merging open banking with Direct Debit sign up. The highest profile victim of an account takeover was Jeremy Clarkson, who posted his bank details in The Sun newspaper, taunting would-be thieves to try and take his money.
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