Banks are usually blamed but a professional body is taking steps to stop fraud
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/ 13 January 2012
The World Bank has identified South Africa and Tanzania as having some of the highest costs for remittance payments in the world.
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/ 26 November 2007
Banks are set to spend over R1-billion to introduce smart cards in order to curb fraud, Absa said on Monday. The bank said the cost of the cards were dependent on the type of card issued by the various banks. Smart cards, said Absa’s Walter Volker, would significantly reduce fraud losses through ”skimming”.