POS fraud: How slack guidelines, banks’ apathy cost Nigerians huge losses

POS fraud: How slack guidelines, banks’ apathy cost Nigerians huge losses

Regarded as one of the positive innovative interventions in the financial sector, the Point of Sales system has undoubtedly made banking easy and promoted financial inclusion, especially in rural areas. However, on the flip side, it has turned into a tool through which fraudsters swindle unsuspecting Nigerians. With little or no measures put in place

 
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Source: POS fraud: How slack guidelines, banks’ apathy cost Nigerians huge losses

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