“South African consumers should still peruse their bank statements for irregularities regarding debit orders, because the new Debicheck system is definitely not scamproof,” says debit order expert and lawyer at NuDebt, Brian Blignaut. Blignaut reacted to the South African Reserve Bank’s implementation of the new AC/Debicheck system on 1 May. The bank introduced the project as part of its modernisation of the National Payment System. Blignaut says the project seeks to address the increasing levels of abuse in the debit order payment system, known as the early debit order (EDO) payment system. “The system was ridden with fraudulent debit order transactions by rogue businesses,” says Blignaut. But there were other abuses too. “Many consumers used to manage their credit by disputing or stopping debit orders,” says Blignaut. According to Blignaut, consumers will provide authorization to their bank through an authenticated mandate in the new AC/DebiCheck payment system to provide funds from their account when the debit order is submitted. “But fraudsters already decoded the new system and are going about their business of scamming people out of their money through new loopholes,” warns Blignaut. “The way to authenticate is through an SMS. The fraudsters are able to duplicate your SIM card, and receive a one time PIN (OTP) which they can use to their benefit,” says Blignaut. But the system is still an improvement, despite the shortcomings, Blignaut told the journalist Izak du Plessis. ... https://www.youtube.com/watch?v=ZIvlwUmUJaY

... https://www.youtube.com/watch?v=6b14MbQCgfs