Fed up with scammers, Australia’s banks form a biometric squad to battle fraud

Aussie banks are banding together to put fraud in a headlock with the Scam Safe Accord, a “new offensive in the war on scams” that will introduce obligatory biometric checks for the opening of new accounts, says a release from the Australian Banking Association (ABA) and the Customer Owned Banking Association (COBA), which strikes a decidedly triumphant tone.

“The initiatives we launch today are a significant step forward and demonstrate the banking industry’s commitment to fight scams,” says Mike Lawrence, …

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