Definition: A scam in which the fraudster usually requires the victim to pay upfront a relatively smaller amount of money in order to process the payment of a greater amount of money. In some cases, the fraudster presents himself as a government/bank official who is processing the disbursement of a huge cash amount and requires […]
Debit/ATM cards are plastic payment cards that are a viable alternative to cash. The difference between debit cards and credit cards is that payment for a debit card transaction is taken directly from the cardholder’s account, unlike credit cards where the accountholder paying the money back at a later date. Debit cards can also double […]