Dec 27 2024, 08:08 AM
QUOTE(xHj09 @ Dec 26 2024, 07:08 PM)
Please enlighten since you have that brain to even say identity theft which was unthought of.
How is releasing funds 12 hours later gonna help in preventing identity theft?
12 hours buffer for actual owner to stop the transfer?
If it’s so effective, why was it not a standard imposed by BNM to implement across all banks?
Ya you can cancel the transfer if it’s not initiated by yourself. I guess the 12 hours is time buffer for actual account owner to take action in case it’s a scam or fraud case.How is releasing funds 12 hours later gonna help in preventing identity theft?
12 hours buffer for actual owner to stop the transfer?
If it’s so effective, why was it not a standard imposed by BNM to implement across all banks?
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