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4 Ways to Prevent Online Credit Card Fraud
Online shops have made it so convenient for tech savvy consumers to switch from personal store visits to virtual transactions. Who can resist the advantages this technology brings? With just a few clicks, you are able to get the same item in less than ten minutes, plus the many perks of online vouchers and discounts. […]
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Customer Identification Program (CIP): How Banks Protect Against Fraud
To assist in the effort to stop money laundering and financial transactions related to funding terrorism, federal law mandates that financial institutions adapt and adhere to a Customer Identification Program (CIP). Using the CIP approach, each financial institution must be able to “form a reasonable belief that it knows the true identity of each customer” […]
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