The new era in transfer to IBAN: only 9 days left

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Lerato Khumalo

The Banking Regulation and Supervision Agency (BRSA) is preparing to make a new regulation in order to make digital banking transactions safer. Within the scope of the regulation, which is expected to enter into force as of March, the double verification system will be compulsory for transfer and EFT transactions through internet and mobile banking applications.

According to the news reported by Gazereduvar; The new editing will require all users to complete an additional verification step during money transfer. This step is to reduce security risks such as fraud and unauthorized access. BRSA officials said that the double verification system will increase users’ account security and make financial transactions more reliable.

In recent years, the increase in the number of users of internet banking and mobile banking applications has caused fraudsters to turn to this area.

With the high inflation seen in Turkey, banks rapidly increased the credit card and credit limits of the customers, while the increasing limits gave the opportunity to ‘Million Emphasis’ for fraudsters.

Numerous public and private bank customers, although they do not have consent, claims that they have been withdrawn and the amounts in question were transferred to other bank accounts, while the increase in complaints on the increase in the banking regulation and supervisory agency (BRSA), the money transfer between the bank accounts EFT and Money Order EFT and Transfer It is preparing to go to radical changes in such applications.