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Post by moonraker on Mar 26, 2020 10:59:46 GMT
I've just had my experience of this new security requirement for electronic payments.
I had a vague feeling that its introduction was going to be deferred for a couple of months but today I had to pay a bill to a consultant ophthalmologist My first attempt resulted in the message "That's not a match", my second "That's a close match" and I got it right at the third attempt. One problem was that initially I omitted "Mr". When making the actual payment, I had to tick a new box confirming that I was sure that this wasn't a scam payment.
Next time I opt to receive payments from a new financial provider I'm going to check the precise name on my account. I think that I mentioned that last year a challenger bank jibbed because the annotation "EPA" appeared after my name, a throwback to when I had Enduring Power of Attorney for my father, who died in 2006. (This doesn't seem to have worried all the other banks with whom I've opened accounts since then.)
CoP is obviously desirable, but I can foresee lots more multi-attempts by others to get the details right.
BTW, I was with the consultant for ten minutes, during which he reassured me all was relatively well. His bill for a "New Consultation" was £240 and I mildly pointed out that I'd seen him ten years ago for the same condition. His secretary said that because there had been a lapse of more than two years it counted as a New Consultation but offered to reduce the bill to £200.
I have NO PROBLEMS about this amount. I was seen very quickly after an optician's referral and two days later the hospital was not giving appointments to over-70s. And I got welcome reassurance that would not otherwise have been forthcoming for many months.
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Post by devonlad on Mar 28, 2020 13:04:39 GMT
I doubt that I am the only 'boomer' on here who remembers joining and working in a clearing bank back in the late 60s. At that time just about the first thing you learned was the obvious importance of checking that funds were credited or debited to the correct account. Computerised accounting was in its infancy (punched tapes generated on branches for later processing centrally overnight) and, as you would expect, all accounts had account numbers which needed to be methodically checked before transactions were input by a machine operator. About the only thing that was sort of automated was the payment of cheques after they were found to be 'in order' (i.e. funds, signature, date, words and figures).
Personally, I have no idea when the elementary checking of such important details stopped. All I can say is that it is astonishing that the banks were ever allowed to get away with such slack and negligent habits. So, WOW! now the banks are going to make sure they do things correctly - about time too. Absolutely incredible!
Sorry to reminisce. I couldn't resist it!
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