UK Flummoxed by Web Scams

Fest, Glen
June 2006
Bank Technology News;Jun2006 Supplement, Vol. 19, p12
Trade Publication
The article reports on the efforts of banking institutions in Great Britain to combat the rising cases of online financial fraud. In its fight against fraudulent transactions, Barclays Bank PLC has imposed a strict limit on external online account transfers. The Barclays decision came after previous decisions to delay intra-bank transfers in order to allow fraud investigations. Other banks such as NatWest Bank PLC and HBOS PLC have utilized same-day delays on real-time transactions.


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