Banks roll out Confirmation of Payee to combat scams

Bank scams are estimated to cost customers $200 million a year and from today, all New Zealand's main banks are rolling out a confirmation of payee service to help stop scams.

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From nine to noon every weekday, Kathryn Ryan talks to the people driving the news - in New Zealand and around the world. Delve beneath the headlines to find out the real story, listen to Nine to Noon's expert commentators and reviewers and catch up with the latest lifestyle trends on this award-winning programme.