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Episode details

Radio 4,4 mins

How name checks for money movements will work

Money Box

Available for over a year

When we move money online the banks send it to the sort code and account number but never check the name. From July next year they will have to do that and warn us if the name we enter and the name on the account are different. Paul Horlock from Pay.UK explains how it will work in the fight against fraud.

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