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HomeBankingSantander bids to clamp down on Facebook Marketplace scams

Santander bids to clamp down on Facebook Marketplace scams

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  • 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.

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