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Debit order scam hits bank customers hardSocial media and online complaint facilities have been inundated with public outcries about the scam that seems to continue unabated. Very hard. I'm also a victim. And banks are making money out the scams when you reverse and stop these debit orders
Source: TheCitizen_News - 🏆 6. / 75 Read more »
Debit order scam: Check your bank account regularly, consumers toldCEO of Payments Association of South Africa Walter Volker says they have implemented measures to try and curb this phenomenon.
Source: ewnupdates - 🏆 30. / 53 Read more »
Payments Association trying to resolve high number of debit order scamsAs of the 1 August last year, major South African banks have implemented a programme called debi-check, a facility that requires customer authorisation before a debit goes through. Banks are complicit! Trying is the correct word... These people don't want to resolve the issue. This is something which can be simple resolved by blacklisting account numbers being credited with this fraudulent transactions... Yet they opt to load stop orders against reference numbers These greedy banks just need to deactivate and close the scammers' accounts, just like how they did with the Guptas. They didn't need any prompting to do that
Source: ewnupdates - 🏆 30. / 53 Read more »
[LISTEN] How to deal with the R99 debit order scamCEO of Payments Association Of South Africa (Pasa) Walter Volker explains how scammers use the R99 debit order scam and what consumers can do about it. Just change the Bank that doesn't care about you as a customer
Source: ewnupdates - 🏆 30. / 53 Read more »
[LISTEN] Pasa: We’re dealing with R99 debit order scamTalk Radio 702 host Xolani Gwala speaks to Payments Association of South Africa (Pasa) CEO Walter Volker on how they have tackled the debit order scam. Make arrests and lets see their faces with 10 years behind bars then we can talk.
Source: ewnupdates - 🏆 30. / 53 Read more »
You can bank on that nasty early-debit-order surpriseRogue debit orders – and how the respective banks are currently dealing with the scourge – is big news, and rightly so. They only realise it now, something that has been going since 2010...They are too sluggish for institutions that are supposed to have their fingers on the pulse. Bank executives earn multi million bonuses but can’t get basics right to protect their customers against debit order fraud ? Banks should be fined and exec bonuses suspended 🤯 BankingZA SAReserveBank NedbankCIB Nedbank FNBSA StandardBankZA AbsaSouthAfrica CapitecBankSA This bogus debit orders are self made by the banks,the bank debit your account,you go to the bank to cancel the debit order,the cancellation is money to the ask them to block such debit orders,they say they only reverse it,they can not cancel it.
Source: TimesLIVE - 🏆 28. / 59 Read more »
You can bank on that nasty early-debit-order surpriseRogue debit orders – and how the respective banks are currently dealing with the scourge – is big news, and rightly so. Perhaps your next article should be on how FNBSA Rbjacobs is complicit in 'money grabbing' for prescribed debt on behalf of a cessionary. Internal Rogue debits for Prescribed debt! Irreversible debit orders.
Source: SundayTimesZA - 🏆 47. / 51 Read more »
Banks just got a crucial deadline extension – which means 'R99 scam' debit orders could be around until November 2020After South Africa moves to the DebiCheck system, unauthorised debit orders should become all but impossible. But the system isn’t quite ready yet, the Reserve Bank says, so rogue debits will remain possible for two more years. BISouthAfrica Lol private sector corruption at work. They've been saying they're working on a solution for years still nothing. They know how to stop this they're just not willing to solve it because it's free money for them. BISouthAfrica Maybe a narrative that the money is going to the Guptas should be created so that the banks can act swiftly. BISouthAfrica If your Bank is taking you for a fool switch to one that will take you for a little less of a fool.
Source: News24 - 🏆 4. / 80 Read more »
Capitec customers frustrated by R99 debit ordersCapitec customers are up in arms over unexplained debit orders. Not just Capitec customers crime .CapitecBankSA how do you allow those debit orders?
Source: eNCA - 🏆 49. / 51 Read more »
Capitec customers frustrated by R99 debit ordersCapitec customers are up in arms over unexplained debit orders. Im one of them,, every month i hv to reverse a R99. unauthorised debit order for R40. What's really going with CapitecBankSA? Why do they allow such fraud? And when you reverse the debit order they charge you R40, for something they should've made sure it doesn't happen 😔 Standard bank had the same one....something called the big 5...
Source: eNCA - 🏆 49. / 51 Read more »