Why has it taken banks so long to take action against illegal debit orders?
Tag - PASA
Absa is the first bank to allow customers to reverse unauthorised debit orders online.
When Jurie Pohl discovered that fraudulent debit orders amounting to R12 000 had been deducted from his bank account over five years, he became the latest victim of a financial crime where syndicates are deliberately using the debit order system to commit fraud. Walter Volker, head of Payments Association South Africa (PASA) and author of...