Latest news with #scamProtection
Finextra
03-07-2025
- Business
- Finextra
Westpac introduces Confirmation of Payee
Westpac has today announced the introduction of Confirmation of Payee, a new security feature designed to help customers spot a scam and reduce mistaken payments. 0 The new technology builds on Westpac's existing Verify capability, which already alerts customers when an account name doesn't match the BSB and account number used in previous payments by other Westpac Group customers. Confirmation of Payee adds another layer of security by checking the account name against the records held at the recipient's bank, giving customers greater confidence before they make a payment to someone new. Westpac Head of Fraud Prevention, Ben Young said the new technology is part of the bank's ongoing investment in scam protection. 'Scammers are becoming more sophisticated, finding new ways to trick unsuspecting Australians into handing over their hard-earned money. This is why it's so important for us to continue to invest in ways to help keep our customers safe,' Mr Young said. 'The introduction of Confirmation of Payee builds on our existing Verify technology and will help customers confirm they're paying the right person, potentially stopping a scam in its tracks.' Since launching in June 2024, Westpac's existing Verify technology has prevented more than 400 mistaken payments each day and stopped customers from losing over $6 million to scammers. 'We're continuing to take the fight to scammers to help keep people safe, but we can't do it alone. We need other organisations, like telcos, digital platforms and social media companies, to adopt similar protections so we can collectively raise the bar on customer security,' Mr Young said. Verify with Confirmation of Payee is the latest in Westpac's suite of scam prevention initiatives, including SafeCall and SaferPay. Together these initiatives have helped to prevent customers from losing over $500 million to scammers over the past two years.
Associated Press
27-06-2025
- Business
- Associated Press
Rocket Launcher Releases 'Scope' Chrome Extension: The X-Ray for Meme Coin Traders
06/27/2025, London, UK // KISS PR Brand Story PressWire // Rocket Launcher, the pioneering platform for creating and launching meme coins on Solana, today unveiled its highly anticipated Scope Chrome Extension. This powerful new tool equips meme coin traders with a crucial weapon in the fight against scam tokens. Scope acts like X-ray glasses for crypto, revealing the hidden risks behind any token contract address (CA) — with just one click. With over 99% of meme coins being potential scams, identifying malicious developer behavior is critical. Scope tackles this exact problem by exposing the inner workings of tokens directly within your browser. No more jumping across blockchain explorers or manually analyzing suspicious activity — Scope automates everything. How It Works: Once installed, users can simply input a token's contract address into the extension. Scope then scans the token using Rocket Launcher's proprietary database and analytics engine, instantly delivering a four-point diagnostic: The result: a clear summary and a straightforward recommendation — is the token safe to buy or a red flag? The Problem Scope Solves: Price charts don't tell the whole story. Behind every green candle could be a developer pumping volume with bots or planning a rug pull. Scope provides the clarity and confidence traders need, helping users avoid junk tokens and protect their capital in a market flooded with scams. 'This tool is like giving traders X-ray glasses,' says the Rocket Launcher team. 'We expose the dirty tricks and protect users before they fall into a trap. Scope isn't just another extension — it's peace of mind in one click.' Bonus: Invite & Save Scope offers a built-in referral program: This makes Scope a protective tool and a way to earn within your trading network. Download Scope for Chrome here and follow the community on Telegram and X. About Rocket Launcher Rocket Launcher is the ultimate tool for effortlessly launching your meme coin. For just 0.001 SOL, you can generate an idea and an image, then launch it in just a few clicks on Raydium — no coding or complex setup required. Your token is sent directly to Raydium, bypassing bonding curves, with 0 SOL required for liquidity pools, thanks to our v3 liquidity pools. Plus, memes are generated based on top-performing meme coins, ensuring you're always on-trend. Available now on Solana, Rocket Launcher makes launching a meme coin as easy as saying pump. Media Contact Rocket Launcher PR [email protected]
