Is your transfer not going where you want it to go? This may be the solution

MEPs submitted a bill to solve the problem of phone transfers (Blik) going to the wrong recipients.

The problem concerns transfers made via banks' mobile applications for phones. It is more and more common that money goes to the wrong account because some bank accounts have the wrong phone number assigned to them. This is because the owner changed his telephone number or died and the bank was not notified about it - writes the newspaper.

What does the parliamentary bill talk about?

The parliamentary bill adds a new article to the Electronic Communications Act. 396a.

It imposes an obligation on the telecommunications undertaking to provide the payment service provider or payment organization with a list of telephone numbers that have been assigned to subscribers and which may be assigned to other persons in connection with the termination of the contract for the provision of electronic communication services.

The obligation is transferred to telecommunications operators

Telecommunications operators and the financial industry do not agree on whether the proposed solution is right or wrong. Telecoms do not like it, while payment operators welcome it.

"Limiting the risk of incorrect transfers to the phone is important, but the proposed solution (...) places on telecommunications operators the obligation to secure financial sector services that the operators did not design or provide," says Piotr Kędzierski, director of the regulatory department and wholesale market of T-Mobile Polska, to "DGP".

However, the director of the legal department of the Polish Payment Standard, Jerzy Mroczek, assesses the draft amendment very positively. "The goal is to increase the security of the entire payment environment. Including telecoms, which are also beneficiaries of payments," says "DGP".