The Austria Financial Market Authority (FMA) released the third episode of its consumer podcast “Reden wir über Geld” (German only) focused on making payments while travelling, abroad, and online, and on avoiding fees and risks associated with newer payment options such as mobile payments, online checkout, and real-time transfers. The episode discusses how to assess whether internet payments are secure, why SEPA direct debits are customer-friendly, precautions for real-time bank transfers, considerations when withdrawing cash in foreign countries, and how dynamic currency conversion can increase costs. Its recurring “Fraud der Folge” segment highlights advance payment fraud, where victims are promised large sums but lose money after paying upfront “release” fees that never result in any payout.

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