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Over 90% of payments are made online
Over 90% of bank payments were made via internet and mobile banking in 2022, highlighting the dominance of electronic networks in daily transactions, which have almost completely replaced cash transactions at the counter, but also a significant part of transactions at ATMs.
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Ten years’ jail for two ATM skimmers
A Thessaloniki court has sentenced two people to ten years' imprisonment for their role in an ATM skimming operation in which the data of at least 665 bank cards were stolen.
Skimming is a way of stealing PINs and other information off credit and debit cards by rigging machines with hidden recording devices.
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38 percent of all daily transactions are paid with cards
The new MasterIndex Serbia research showing that in one year only, the number of payment card users has increased by 6 percent, from 32 to 38 percent.
How to Choose the Best Online Casino Site?
Online gambling has become increasingly popular in Canada as a thrilling and convenient way to enjoy a wide range of casino games while having the opportunity to win real money. However, not all online casino sites are created equal, and it's important to consider several factors before signing up and depositing your funds.
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Banks to cover client losses
A new Development Ministry bill provides for the compensation of bank customers should they become victims of electronic fraud, such as the theft and use of their debit card PIN, even if this is due to their own negligence.
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Financial committee discusses expanding use of TROY
The Financial Stability Committee discussed steps to be taken regarding the wider use of the Turkish payments system TROY, according to a statement released after the committee's meeting. The committee convened on Oct. 27, chaired by Treasury and Finance Minister Nureddin Nebati.
Bank Fees in Bulgaria Continue to Rise
The trend of rising fees that banks collect for various products and services continues. The next increase has been a fact since the beginning of August, mainly referring to the service in the branches. The explanation is that, in addition to inflation, the administrative costs of maintaining a branch network make services offered locally more expensive.
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Only 14 percent use cash for daily purchases
Some 14 percent of Turkish consumers use cash for everyday purchases, while 49 percent say they prefer credit cards, according to a survey by IPSOS.
Around 55 percent of those who chose cards say they don't have enough income to make payments in cash, while 32 percent say cards help them postpone payments for a month.
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Card payments soar 109 percent in July
Payments with credit, prepaid and debit cards increased by 109 percent in July on an annual basis to amount to 316.9 billion Turkish Liras, according to data from the Interbank Card Center (BKM).
Payments with credit cards increased 103 percent to 249 billion liras, while debit cards made up 62.3 billion liras of the total sum, rising 132 percent from a year ago.
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Cash App: How Does It Work?
The use of online money transactions is convenient for everyone since the majority of people are on their phones 24/7. Cash App is one of the most famous online banks.
You should be aware of a few things if you want to use Cash App for any of these reasons.
Defining Cash App
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