Key events
Cait Kelly
Westpac to introduce real-time scam detection system for digital payments
In an Australian banking first, Westpac has announced it will integrate a fraud detection system in its digital payment platforms, so customers are warned when it looks like they are about to be scammed in real time.
The new prompts will be activated when customers enter payment details in online or mobile banking which the bank detects to be a higher scam risk.
The customer will then be asked…