Absa follows FNB's lead in reversing fraudulent debit orders

James Noble, hoof van Groothandel, Kleinhandel en Franchising – Absa Besigheidsbankdienste, se die bank verwag na COVID-19 drie tipes reaksies van ondernemings in die onderskeie bedryfsektore.

James Noble, hoof van Groothandel, Kleinhandel en Franchising – Absa Besigheidsbankdienste, se die bank verwag na COVID-19 drie tipes reaksies van ondernemings in die onderskeie bedryfsektore.

JOHANNESBURG - Absa has followed FNB's lead in reversing fraudulent debit orders and refunding clients.

Both banks say they've detected abnormally high volumes and disputes of suspicious debit orders.

FNB cited unauthorised debit orders to Procall and Mzansi.

Absa says the modus operandi was to put through debit orders, for which they had no mandate, for amounts that would not trigger an SMS notification to clients from banks.

The Payments Association of South Africa and the South African Banking Risk and Information Centre is now pursuing criminal charges.

Source
eNCA

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