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Name checks on online payments likely to be delayed - MSE News

Former_MSE_Naomi
Former_MSE_Naomi Posts: 519 Forumite
Second Anniversary First Post I've been Money Tipped! Newshound!
in Budgeting & bank accounts
A service which aims to combat money transfer scams and incorrect payments, by checking the name of who you're sending money to online, could be delayed until next year...
Read the full story:
'Name checks on online payments likely to be delayed'
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Comments

  • One-Eye
    One-Eye Posts: 71,899 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Some banks online payment systems are already troublesome.

    My niece has a double-barrelled surname. Her Grandad's bank doesn't accept the hyphen. My bank accepts the hyphen but when I include the first name the whole thing is too long!

    Another online payment system I used gave me a list of payee names from which to choose when I entered the sort code and account code. In this particular case these were all government accounts, but I doubt if this would be a good idea for personal use - you could obtain someone's details by guessing a sort code and account number.
  • colsten
    colsten Posts: 17,596 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    One-Eye wrote: »
    you could obtain someone's details by guessing a sort code and account number.
    What sort of details do you think could be guessed? Once upon a time, we wrote millions and millions of cheques each year, containing name, sort code and account number and no details could be guessed.
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