Oireachtas Joint and Select Committees

Wednesday, 24 May 2023

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Authorised Push Payments Fraud: Banking and Payments Federation Ireland

Photo of Bernard DurkanBernard Durkan (Kildare North, Fine Gael) | Oireachtas source

I apologise for arriving late. I was otherwise engaged. I welcome our guests this afternoon. To what extent is technology being developed that would be triggered by an attempted scam of the nature that has been discussed? What exists at present? I know about this to my cost from getting money at the hole in the wall. I put in my usual PIN, and I always check it, to be told that it is wrong. Obviously a check was being done. I then put in a different PIN, assuming I had made a mistake the first time. This means I have made two attempts and only one remains. More careful use of this particular technique would be better. I compare it with a situation that used to happen whereby people who were making a withdrawal or a payment got a telephone call. Perhaps that was in the old days when more people were employed in banks. How might this be utilised in future, given the existence of continued attempts at scamming?

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