Westpac, Optus launch scam-busting tech

New in-app calls Secure Westpac clients

Westpac, Optus launch scam-busting tech

News

By Mina Martin

In a move to combat bank impersonation scams, Westpac and Optus have launched Westpac SafeCall.

The in-app calling feature allows Westpac customers to receive verified calls branded with the Westpac logo and a reason for the call, significantly improving security and customer confidence.

Enhancing customer experience

Westpac CEO Peter King (pictured above) stressed the importance of this new technology in boosting customer confidence.

“Using this technology, when a customer receives a call from Westpac, their phone will display Westpac as the caller, along with a verification by Optus and a reason for the call,” King said.

“This will help to provide customers with the confidence and added security to help beat scammers and know that they really are talking to their bank.”

See LinkedIn post here.

Optus partnership for innovation

Optus interim CEO Michael Venter highlighted the collaboration’s impact on customer safety.

“Optus is proud to partner with Westpac to deliver this world-leading solution that will help keep customers safe from scammers and fraudsters,” Venter said. “By using our market-leading technology, we are able to provide Westpac customers with branded and verified calls that clearly identify interactions with the bank.”

Advanced scam prevention

Powered by Vonage, the SafeCall feature will be gradually rolled out in the coming months.

The initiative is part of Westpac’s extensive investment in scam prevention, which has already saved customers over $400 million in the past two years.

Westpac commits to customer protection

King said Westpac was dedicated to digital banking and customer security.

“Westpac SafeCall is part of our ongoing investment in digital banking and our commitment to provide the best customer experience,” he said.

  • Westpac SaferPay: Questions for high-risk payments.
  • Westpac Verify: Alerts for account name mismatches.
  • Dynamic CVC: Changing digital card codes every 24 hours.
  • Cryptocurrency and merchant blocks: Restrictions on payments to high-risk entities.
  • Call spoofing measures: Blocking scammers from impersonating Westpac numbers.
  • Inbound payment detection: Monitoring incoming payments for scam indicators.
  • Sophisticated detection technology: Tools to combat remote access scams.

Read the Westpac media release here.

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