Capitec to refund 25,000 customers after R99 debit fraud hits South Africa’s banks

[BusinessTech]

Capitec to refund 25,000 customers after R99 debit fraud hits South Africa’s banks

Thousands of banking customers have raised concerns about fraudulent debit orders.

 

[supersunbird]

So they made R2 475 000 just from Capitec customers? Debit order systems needs comprehensive mandatory Debicheck stat!

 

[Lew Skannen]

Good.

This needs to be done by all banks to all clients each and every time this happens. No matter the losses incurred on banks. This is the only thing that will force banks to revise the whole debit order system as it stands.