Bank Fraud Alert

The internet is rife with memes based on the subject line “When you order for something versus when it arrives” The memes revolve around two images, one depicting the image that was displayed on the e-commerce site and the second showing the product looking drastically different from the online picture after it arrives. As humorous as the memes might...

Happy new month and happy Sallah to our Muslim readers, wish you guys a happy celebration. The festive period is generally known as a spending period, lots of shopping take place this period most times using the debit or credit card especially this era of cashless policy. While doing the shopping and making different payments, it is very important...

Mobile Banking Platform has always been the lighter version of the Internet Banking on a mobile device. It does basically the same thing with the Online Banking, you log in to the app to view your app and initiate transactions. Different banks have different security login features, some banks use the Username and Password option while other banks...

The rate at which fraud cases have risen in the past 5 months has been alarming, just 2 months ago, a well-established bank in Nigeria witnessed about 3 different frauds of over 19 million Naira all together. Even though there has been rumor that a good sum of that amount had been recovered and that banks are doing everything possible to tighten...

BANK FRAUD ALERT Mobile Banking Platform is the lighter version of the Internet Banking on a mobile device. It does basically the same thing with the Online Banking, you log in with the same User ID and Password, just that it has its own limitations. You can only perform a number of transaction on the Mobile Banking Platform, for you to...

Knowledge they say is power, whatever you don’t know is way bigger than you are. I walked into a GTBank branch at Ilaje around Ajah area in Lagos, Nigeria to pick up my Debit Card. For those that have visited that branch will understand what I mean when I say the banking hall was as crowded as Oshodi market. Different customers with different issues...

Did you know that the information on your debit card is as important if not more important than your debit card pin? Most people think losing their debit card will not do any harm to their bank account so long they are the only one that knows their card pin. Trust me a fraudster does not need the cardholder’s pin to initiate an unauthorized transaction...

EMV Chip and Pin card simply put is the type of credit/debit card that requires you to first insert the card into the terminal (ATM, POS etc) then type in your PIN to process transaction. Transactions that are done using the EMV cards are being checked against security certificates and remote pieces of /'account information all along the payment-processing...

Phishing is the attempt to obtain sensitive information from a 3rd party such as usernames, passwords, and credit/debit card details (and, indirectly, money), often for malicious reasons, by disguising as a trustworthy organization in an electronic communication (most cases via mail). Phishing is usually done via email spoofing or instant messaging,...

Due to the implementation of the Cashless policy in Nigeria by the Central Bank of Nigeria and the risk in carrying cash around, most people now make use of their Debit and Credit Card for their day to day transactions. Its safer, more convenient and not bulky unlike carrying a huge sum of money for payments. Did you know that you account can be...

Internet banking, also known as Online banking is an online platform for banking transactions where by customer's can carry out most of their basic banking transactions without visiting the banking hall. Just by login on to the bank's website, customer can access the online  platform and initiate their banking transactions. Transactions...