Nowadays, calls from people trying to steal your money, personal data or financial information are very common. But they are some sign based on that you can assume your talking to scammer: Odd-looking phone number Delayed greeting Caller can’t communicate Caller says there’s a problem with an unknown account The

While all major P2P systems are encrypted, or hacked, your financial information, some have been hacked and scammed. “While P2P technologies can be a great way to make money from people you trust, like any financial product, there are bad actors who use these technologies to try to divide customers

There are two common ways to deliver from person to person: In the first method, based on the successful PayPal method, users design their bank account or credit card information to transfer and receive funds, setting up a secure account with a trusted third-party vendor. Individuals can complete the process

P2P is an online technology that occurs between two people. Pay-to-pay, short for peer-to-peer or in-person payments, is a transaction that enables people to transfer their money online through private bank and credit union accounts or mobile applications. That way, it’s easy to split a bill with your friends or

Earlier this year the International Security Ligue published its report ‘Fraud in Cash and Electronic Payments: Taxonomy, Estimation and Projections’. Based on data gathered in a broad range of countries between 2014-18, it provides an interesting and comprehensive classification of payment fraud alternatives, and also offers an estimation of the

Contactless payment first arrived in the 1990s and is now having its moment. Both companies and consumers are looking for ways to conduct business with as little physical interaction as possible during in-person transactions. We’ve been building to this moment, if you think about it. Organizations have been steadily increasing

What Is Mining? Mining is an integral part of a cryptocurrency network that performs two important functions. First, it is used to generate and release new cryptocurrency tokens for circulation via the cryptocurrency network, and secondly, it is used to verify, authenticate and then add the ongoing network transactions to

The spot forex market traded over $6.6 trillion a day as of April 2019, including currency options and futures contracts. With this enormous amount of money floating around in an unregulated spot market that trades instantly, over the counter, with no accountability, forex scams offer unscrupulous operators the lure of

What Is a National Bank? In the United States, a national bank is a commercial bank. The comptroller of the currency of the U.S. Treasury will charter a national bank. This institution will function as a member bank of the Federal Reserve and is an investing member of its district

What is a Currency Exchange? A currency exchange is a business that has the legal right to exchange one currency for another to its customers. Currency exchange of physical money (coins and paper bills), is usually done over a counter at a teller station. Currency exchange businesses that operate such