SMALL BUSINESS OMBUDSMAN WELCOMES BANKING INDUSTRY PLEDGE TO FIGHT SCAMS
The Australian Small Business and Family Enterprise Ombudsman, Bruce Billson, has welcomed the significant commitment announced today by the banking industry to better support small businesses to combat scams.
Mr Billson said a $100 million upgrade across the banking sector to confirm who money is being paid to by matching names with account numbers will particularly benefit small businesses who too often fall victim to the invoice substitution scam.