HomeFinTechWestpac Unveils Innovative Panic Button for Scam Victims

Westpac Unveils Innovative Panic Button for Scam Victims

Date:

Quarter of Brits Wary of Real-Time Payments Security

Survey reveals concerns over security checks and highlights opportunities...

CFTC Withdraws Advisory on Virtual Currency Derivative Product Listings

A significant move reflecting market maturity and evolving regulatory...

A New Safety Measure to Help Customers Respond Quickly to Financial Fraud

Highlights:

  • Westpac introduces a panic button feature to enhance customer security.
  • The panic button allows customers to quickly report suspected scams.
  • This initiative aims to improve response times and minimize financial loss for victims.

Westpac has rolled out a groundbreaking ‘panic button’ feature designed to assist customers who suspect they have fallen victim to scams. This innovative tool allows for immediate reporting, enabling faster responses from the bank to prevent further losses. With rising concerns over financial fraud, Westpac’s proactive measure represents a significant enhancement in customer security and assurance. The initiative underscores the bank’s commitment to safeguarding its customers against the increasing threat of scams.

Exit mobile version