Aussies losing $11m in 'fat-fingered' net transfers

Sometimes all it takes is a missed keystroke to see people wrongfully parting ways with their money. One suggestion is that erroneous transfers could be curbed by requiring consumers to enter the details of a transfer twice, but CHOICE believes a more onerous double-entry system won’t fix the problem. Instead, more needs to be done to help customers recoup the money that is lost.

What are your thoughts?

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