Friday, September 7, 2012

Fraudulent debit card transactions on the rise in AP


Fraudulent Internet debit card transactions are on the rise in the state and form the second highest among the complaints being received by the Banking Ombudsman after the disputed ATM transactions. In this case, the additional security feature — an instant password sent to customer’s mobile phone at the time of every transaction — provided by the banks to check such instances has also become the target of the fraudsters, according to M Sebastian, Banking Ombudsman of Andhra Pradesh...........

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