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Old 05-30-2019
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Default Name checks to begin on bank payments

How will this affect stealth in the UK?
https://www.bbc.co.uk/news/business-45900955
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Old 05-30-2019
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Default Re: Name checks to begin on bank payments

Its only being rolled out for bank transfers that you make within your online banking. It’s to stop people being conned into sending money to someone thinking it’s somebody else.

At this stage it’s not something that’s being implemented for companies sending payments.
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Old 05-30-2019
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Default Re: Name checks to begin on bank payments

However once this system is up and running it could eventually be used by companies like paypal to check who they are sending funds to.

But there are no plans for that at present, the banks are just using this new validation system to save them having to compensate their own customers who get scammed.
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Old 06-07-2019
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Default Re: Name checks to begin on bank payments

psd2 is not good news for stleath account. they can do check all part of ur bank accnt
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Old 06-08-2019
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Default Re: Name checks to begin on bank payments

Many years ago,there is a dept store called Chas A Stevens on State ST,Chicago.
In one dept,the sales clerk will ask any customer who is paying with check to make the check out to C A Stevens ,he will then take these checks and deposit in a bank account which he open under name of C A Stevens.
He was finally caught when the auditor found out.
thats long before internet and online bank transfer.
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Old 06-08-2019
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Default Re: Name checks to begin on bank payments

Quote:
Originally Posted by agent006140 View Post
Many years ago,there is a dept store called Chas A Stevens on State ST,Chicago.
In one dept,the sales clerk will ask any customer who is paying with check to make the check out to C A Stevens ,he will then take these checks and deposit in a bank account which he open under name of C A Stevens.
He was finally caught when the auditor found out.
thats long before internet and online bank transfer.
Is this what you're talking about?



If so, that's from the year 1909.
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Old 06-08-2019
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Default Re: Name checks to begin on bank payments

https://www.moneysavingexpert.com/ne...to-next-march/
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Old 06-14-2019
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Default Re: Name checks to begin on bank payments

Quote:
Originally Posted by phaz0rz View Post
Is this what you're talking about?



If so, that's from the year 1909.
interesting.
No,this is a dept store on State St,CHIcago back in the 1960s-70s .
I wonder how he did it,he has to run up the sale and give the customer a receipt and what if the customer returns the item?
Back then it is either cash or check,no credit card.
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