Electronic banking has made it more convenient for businesses to handle their banking, but it has also added a new series of risks to the financial equation. Businesses assume greater liability for ...

Today, if your debit card is stolen and used for purchases or your bank makes an accounting error that costs you money, there is a good chance you will recover most ...

A 2013 Federal Reserve Payments Study stressed the rapid growth in electronic payments, noting that “By 2012, two-thirds of consumer and business payments were made with payment cards. (Debit and ...

As part of the growing popularity of electronic banking, paperless money transfers are becoming the norm. According to the American Bankers Association, electronic payments now outnumber paper ...

In the midst of the current banking collapses and the ensuing madness that comes with it, I had to buy a car for my better half this week. I needed to use a debit card for slightly more than the usual ...

A few decades ago, sending someone cash electronically — using something called a “smartphone,” no less — would have seemed like science fiction, an outtake from “Blade Runner.” Fast forward to 2017, ...

With the introduction of electronic banking, many thought that frauds would become a thing of the past. How wrong they are. Bank frauds are rising more than ever before despite the coming of mobile ...

The cashless policy introduced by the Central Bank of Nigeria (CBN) over three years ago has recorded little success, despite the several billions of naira earmarked for the project. With 90 per cent ...