Bank Fraud

SpreadableToast

dggar said:

SpreadableToast said:

dggar said:

colsten said:

born_again said:

IP address can be checked, but that will only depend on how the payments are made. And Ip's are very much like you post code. Do not relate to your actual address.

IP addresses don't depend on how payments are made. They are very different to post codes, in that your post code is static unless you move, whereas your IP address is dynamic and can / does change without you even noticing, even if you are in physically the same place always. For example, my current IP is in Manea, Cambridgeshire. I haven't been in Cambridgeshire, or any adjacent county, in years. Check yours on https://www.iplocation.net/

Did a google search for "iplocation" 
The first three sites each gave a different answer,
 no of which were correct

So you're agreeing with what colsten said then.

Absolutely agreeing with colsten. Did something give you the impression that I wasn't?

Yes, that's why I replied "So you're agreeing with colsten then."

born_again

nyermen said:

Personally I think they should do the code every time, it doesn't take a moment.

If only everyone thought like that.

But too many complain when they get them once in a while.....

whirlyhead

Revolut stopped a payment on my partner's account recently as it was done at a location away from his phone.  They often ask you to verify the transaction through the app too.  Monzo do this as well.

Prism

nyermen said:

HSBC now send a text message with a code to enter, to confirm online purchases.
Unless - they somehow detect you're all good.   I'd always assumed it was well known companies, but I bought something from a new site last week and they didn't do the text message thing, so i guess it must be location or even exact IP.  Either your IP is static and never changes, or it may be dynamic, but what are the odds of a fraudster getting a dynamic IP the same as yours (unless they can spoof it?).  I guess that's HSBC's starting point. 
Personally I think they should do the code every time, it doesn't take a moment.

Its based on AI and algorithms that assign a risk level to each transaction. Location, time of day, unusual activity, different device etc. All of those things are combined into a score which determines if you get sent a verification code for that purchase. Its the same kind of calculation that can also lock someone's account if there is too much unusual activity.