absa vows to reverse fraudulent debit orders

[Solarion]

Johannesburg - Absa will reverse and refund clients for fraudulent debit orders, the bank said on Sunday.

"Absa Group Limited has stepped up efforts to combat a recent spike in illicit debit orders and will file criminal charges against those suspected of being responsible," the bank said in a statement.

This would be done in conjunction with the Payments Association of South Africa (Pasa) and the South African Banking Risk and Information Centre, it said.

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