Saturday, July 5, 2025
26.7 C
London
HomeBankingSantander bids to clamp down on Facebook Marketplace scams

Santander bids to clamp down on Facebook Marketplace scams

Date:

Pair Sentenced to Jail for $15M Crypto Fraud Scheme

A Deep Dive into the Conviction of Cryptocurrency FraudstersHighlights:...

Trump Proposes Tariff Rates of Up to 70% as New Letters Are Sent Out

Exploring the Implications of Donald Trump's Proposed Tariffs on...

The Payments Association Urges Enhanced LGBTQIA+ Diversity in Payment Systems

Advocating for inclusivity in payments to drive innovation and...
  • Welcome to Finextra. We use cookies for our services.
  • You can change cookie preferences at our Cookie Centre.
  • Read our Privacy Policy for more information.
  • News and resources on cyber and physical threats in banking and fintech.
  • Sign up for Finextra’s free daily newsletter and breaking news.
  • Banco Santander is halting bank transfers for Facebook Marketplace payments.
  • Santander customers lost £6.5 million this year to Facebook Marketplace scams.
  • Customers will receive tailored scam warnings before making payments.
  • Bank transfers won’t be authorized if customers haven’t seen the item in person.
  • Customers are advised to use secure payment methods like PayPal or cards.
  • Scam prevention heightened as Christmas approaches, says Chris Ainsley, head of fraud risk management at Santander.

Related stories

spot_img

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories