Check out these four easy ways you can protect your credit/debit card that would save you money.
The magnetic strip, or “magstripe,” on the back of credit and debit cards is crucial. It contains all the information needed to conduct transactions when you swipe your card. Without that information, a card reader lacks what it needs to check your balance or authorize a purchase. Unfortunately, the magnetic strip is subject to wear and tear and may get scratched, dirty or demagnetized, […]
The Central Bank of Nigeria (CBN) has cautioned bank customers against disclosing their Debit (ATM) Card details to fraudsters who send out fake SMS messages.
This is contained in a statement made available to Newsmen by the acting Director of Communications, CBN, Mr Isaac Okorafor on Thursday in Abuja.
The statement warned customers not to reply text messages from individuals pretending to be Customer Care representatives of the CBN, asking for Personal Identification Numbers or Bank Verification Numbers.
“Those messages and calls are […]