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More Protection Against Fraudulent or Incorrect Transfers

Summary by Wort.lu
Sending money today is possible in seconds. If data is incorrect or fraudsters have their hands in play, the money is gone. New EU requirements should provide more protection.
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A transfer can now be made in seconds. But if data is incorrect or fraudsters are involved, the money is gone. New EU regulations are intended to provide more protection against such schemes. More protection for consumers against fraudulent or erroneous transfers: Banks will in future be required to verify the identity of bank customers when making transfers within the eurozone. The article "Verification of Payee brings more security for bank cu…

Sending money today is possible in seconds. If data is incorrect or fraudsters have their hands in play, the money is gone. New EU requirements should provide more protection.

·Luxembourg City, Luxembourg
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Wort.lu broke the news in Luxembourg City, Luxembourg on Thursday, July 3, 2025.
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