Bank account verification : Stop relying on bank letters and bank statements as proof.

Bank letters, bank statements, and proof of payments (POP) can be easily manipulated, rendering them unreliable as sole evidence of bank account details. Fraudsters excel at altering these documents, casting doubt on their authenticity.

To enhance security and mitigate risks, consider implementing a straightforward bank account verification process. This additional step ensures that funds are accurately directed to the intended recipient, safeguarding your transactions and fostering trust.

According to SABRIC's 2023 statistics, financial crime resulted in losses amounting to R3.3 billion in the same year.

Prioritise verification directly to guarantee that your payments reach the correct party without any room for error.

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