Stay alert. Scammers may target you during Confirmation of Payee rollout. Read update
News & updates from GetVerified.
As New Zealand banks prepare to roll out the Confirmation of Payee service, customers should be wary of fraudsters pretending to be calling from banks.
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In May 2024, the New Zealand Herald published an article covering the Confirmation of Payee service.
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In April 2024, the New Zealand Banking Association (NZBA) announced on behalf of the banking industry that New Zealand’s retail banks were preparing to introduce a new service called Confirmation of Payee by the end of this year.
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New Zealand’s banking sector is stepping up to address the growing threat of online scams and fraud, following requests from Hon. Andrew Bayly, Minister of Commerce and Consumer Affairs.
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