close
MENU
Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
General Business
4 mins to read

Plans for ‘confirmation of payee’ scam-busting tool

New Zealand banks have chosen a provider to supply long-awaited technology for checking account and payee details match up.

Nearly half of all scam losses were processed through crypto exchanges last year, Australian data shows.

Maria Slade Tue, 30 Apr 2024

The New Zealand banking sector says it now has a preferred provider for setting up confirmation of payee, a key part of its response to the burgeoning problem of scams.

Industry body the New Zealand Banking Association (NZBA) says creating a confirmation of payee system to suit local conditions is a

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
Contact the Writer: maria@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Plans for ‘confirmation of payee’ scam-busting tool
General Business,
103815
true