Banks act to stop transfer scams and errors

‘Confirmation of payee’ system matches account number to holder’s name, so users will know cash is going to right recipientBritain’s banks and building societies are promising a radical change to the way account holders send money to other people in a bid to tackle ballooning fraud and “fat finger” problems.In future, the “confirmation of payee” system will mean that when someone types in a sort code and account number to transfer some money, they