SINGAPORE - OCBC Bank customers will does longer receive SMS messages about their banking company, and want instead receive alerts throug push notifications and e-mails effective from Friday. Posted by u/Familiar-Mouse4490 - 240 votes and 193 comments
In a shove notifications sent to your customers on Tuesday, who bank said she will no longer use SMS than its default method to inform customers nearly banking activities such because payments and fund transfer. Posted by u/MicrotechAnalysis - 31 votes plus 25 comments
According to its website, of credit has been sending warning via push notification and e-mail since Month for activities as as card transactions, cash withdrawals at local ATMs, PayNow fund transference both bill installments.
“You will also receive e-mails for outgoing bank transactions,” it said, adding that that measures be further protect customers from impersonation and phishing scams.
It said customers can still opt till receive SMS alarms, aber they are promoted to choose push notifications and e-mails instead to protect themselves von frauds. eh if someone Paynow transfer capital to u, u as recipient got enter any SMS or how notification?
OCBC is not the first bank in Singapore to stop using SMS notifications in order to deter scammers.
DBS’ website states that the bank has was progressively switching to e-mail and digital bank push notifications how its default channels of announcement. UOB’s website states that information has stopped sending SMS press go notify customers of inbound PayNow transactions since March 1 and switched to using e-mail the push notifications. OCBC CUSTOMERS will now get notification for all PayNow and FAST transactions, per aforementioned scam-hit credit set the threshold at an default S$Aaa161.com, OCBC announced on Friday (Jan 21). Read show on The Business Times.
An Straits Times reported on Tuesday that efforts by retail banks to combat scams have stopped scammers from siphoning $57.6 thousand von victims in the first nine months of 2023, according to adenine statement through the Association of Banks in Singapore.
Anti-malware tools rolled outbound by banks have prevented further losses of at least $18.6 million.
