Attorney Michael de Broglio on: South Africa, Law, Politics, Attorneys, Sport, Photography, Technology, Gadgets, Media, Crime, Road Accidents Fund,
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I was quite impressed with the additional steps Nedbank has taken in terms of security. They now require all clients to have their fingerprints registered on their system and they also take a photograph of the client at the same time. Your fingerprints are then checked with the Department of Home Affairs. I must say that one has some concerns about banks working together with a government department in that way, but I would rather give up that privacy if it is going to ensure that it is harder for people to defraud one or steal money from one’s account. There is really going to be much less excuses for a teller to pay out the wrong person, when they have your fingerprints on record as well as a photograph of you and I think the other banks will have to adopt this quite quickly because until they do all that will happen is that fraudsters and scammers will try and avoid Nedbank and just target clients of other banks instead.
Posted by Michael de Broglio on Tuesday 16-Feb-16
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Comments
Liesl said:
on Monday 29-Feb-16 04:52 PM
I don't think one can ever be cautious enough when it comes to bank security. An extra feature like this can only be good.
Chanika said:
on Friday 19-Feb-16 03:54 PM
No security system is ever fool proof. I am sure this security system will be helpful in reducing some fraud, but there are no guarantees especially in banking.
Helen said:
on Friday 19-Feb-16 03:29 PM
I have been banking with Nedbank for 5 years and very happy to be their client. The monthly fee is actually higher than other bank will charge for maintaining an account, but like David said less people in the branch, oh well I suppose to which branch you will go through!
Cornelie said:
on Friday 19-Feb-16 11:13 AM
All other banks must start with this system, I don't bank with Nedbank but had to do a deposit the other day in the bank and I must say they are quite jacked up with there waiting times and customer service.
Sarah said:
on Friday 19-Feb-16 09:40 AM
You don't really hear complains about Nedbank. Capitec is also very good with security
tamzyn said:
on Friday 19-Feb-16 08:26 AM
This is a great step in the right direction, however it will be of little help to those who do their banking predominantly online. There is always a risk of fraud with banking, as the security improves, so do the scams.
tamzyn said:
on Friday 19-Feb-16 08:24 AM
This is a great step in the right direction, however it will be of little help to those who do their banking predominantly online. There is always a risk of fraud with banking, as the security improves, so do the scams.
Marisa said:
on Thursday 18-Feb-16 02:52 PM
capitec has been doing the fingerprint and photo thing for years. i am happy with capitec and would never change.
Brenda Du Toit said:
on Wednesday 17-Feb-16 04:38 PM
I am Very happy with nedbank they are very professional and always willing to help i will nerver change banks
Angelique said:
on Wednesday 17-Feb-16 12:42 PM
Thats great but I disagree with David. Nedbank line's are always full. Nedbank Rosebank is a nightmare especially with their new ticket system. But the security feature is great.
Natasha said:
on Wednesday 17-Feb-16 10:58 AM
When I opend a account with Capitec they also did the fingerprint and photo security thing as a can recall Only thing is its always full
Natasha said:
on Wednesday 17-Feb-16 10:52 AM
Im with Capitec but im thinking about moving maybe moving to FNB everyone has something good to say about FNB impressed with their security
tamaryn said:
on Wednesday 17-Feb-16 09:42 AM
This may help with person-to-person banking, but most of the banking fraud today is online. So unless online payments can be verified with a fingerprint and not just a OTP there seems to be little benefit of a fingerprint in the online banking world.
Melissa said:
on Wednesday 17-Feb-16 08:47 AM
I am very happy with Nedbank and don't think I will change banks. Their services are efficient.
Angelique P said:
on Tuesday 16-Feb-16 03:09 PM
I think this is a very great way of doing banking. Much more safer.This will help the bank's clients avoid being victims of fraud. As far as I know FNB has this system as well.
Mathilda said:
on Tuesday 16-Feb-16 03:08 PM
I'm very happy with FNB and as far as I can remember they have had this from when I opened my account
Zanell said:
on Tuesday 16-Feb-16 12:16 PM
I use to be with Nedbank and have never had any problems with them. I still believe that they are the best. How does this help if someone clones your card and goes shopping?
Johann said:
on Tuesday 16-Feb-16 11:32 AM
I hope biometrics can be used one day to make online banking safer too. Like using your iris to log into your online account.
Daria said:
on Tuesday 16-Feb-16 11:28 AM
This is a great idea, I just hope all the other banks jump on board and do the same.
Prishani said:
on Tuesday 16-Feb-16 11:17 AM
Well Done to Nedbank! I think all their customers will be pleased with this new security feature. I don't think a bank can ever have enough security features but I'm sure this will put all their customers at ease! And I'm sure all those who don't bank with Nedbank will start questioning the security features that their respective banks have in place.
Daniella said:
on Tuesday 16-Feb-16 11:16 AM
Other banks should definitely start doing this , it actually should have been done a long time ago.
Charlotte Harding said:
on Tuesday 16-Feb-16 11:09 AM
I am with Nedbank and have not had a single day's problems with my accounts. I have been with Std Bank before for a longer time and when I qualified for a cheque account, the lady on the other side decided out of her own accord to transfer money from my savings acc to my new cheque acc without obtaining my permission first. When I received the sms notification, her words to me was "I thought you already gave the instructions" - that's that "thought" that made me decided very quickly to move banks. "If she can transfer monies today, what else can she do tomorrow?" was my question. I'm now with Nedbank for close to 4 years, and am not looking back.
Melissa P said:
on Tuesday 16-Feb-16 11:05 AM
I'm all for more security features when it comes to hard earning money. These days it seems to become easier to hack accounts and steal peoples money without them even knowing. A big thumbs-up to Nedbank.
Bianca said:
on Tuesday 16-Feb-16 10:50 AM
I am always in full support of additional security features relating to my banking and my money. There is so much bank fraud and I think the banks are in the right to want to be 1 step ahead of the fraudsters with new and improving security features! Nobody is going to complain about the bank wanting to protect their customers.
Johannesburg based attorney specializing in personal injury matters including Road Accident Fund claims and medical negligence matters. My interests include golf, reading and the internet and the way it is constantly developing. I have a passion for life and a desire for less stress!
