Sentences with phrase «traditional card fraud»

Bitnet will also use its own anti-risk procedures, monitoring the blockchain and even using «techniques such as those utilised in traditional card fraud prevention», according to Akif Khan, the chief commercial officer at the company.

Not exact matches

GASH Point also stands to benefit — bitcoin will allow the company to lower its transaction costs and reach new customers without the fraud risks of traditional credit card payments.

And interestingly, we're seeing very interesting cross-over; namely, a device associated with credit card fraud at a traditional eCommerce site that is trying to establish an account at a dating site.

By using bitcoin, players lessen the risk of fraud through keeping their anonymity as no details are shared during transactions, which is the case for credit cards and other more traditional digital payment methods.

The increase in financial fraud and consumer insecurity associated with credit cards and traditional means of payment have led a substantial part of Kenya's population to refrain from using online payment tools in purchasing goods online.

The company claims that it will charge a flat 1 % rate for all transactions and that since the funds are cryptocurrency backed, they will not be subject to chargebacks and fraud the same way that traditional credit cards are.

If you fall victim to fraud when using a traditional bank card, laws and regulations exist to help you recover any losses.