Fraud is a generic term embracing all the multifarious means which human ingenuity can devise and are resorted to by one individual to gain an advantage over another by false suggestions or by suppression of the truth. 3.
One of your priorities should be an information campaign to ensure that customers are properly informed on how they can perform POS transactions safely and securely, as well as the possible risks involved. Customers must also be informed about all applicable fees associated with the use of other networks’ POS terminals, in accordance with existing BSP regulations on e-money and consumer protection.