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Banks to restrict transfer freedoms to protect customers from online scams
๐Ÿ’ป Technology

Banks to restrict transfer freedoms to protect customers from online scams

Online fraud has driven significant changes in e-banking, with the payment moment being the critical step where criminals achieve their goal. Banks and regulators face a dilemma: stronger anti-scam protections come at the cost of reduced freedom for customers making transfers. Who bears responsibility for transactions resulting from criminal activity remains a key unresolved issue for the entire sector.

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