Banks to pay for card frauds abroad – CBN - The Central Bank of - TopicsExpress

Banks to pay for card frauds abroad – CBN - The Central Bank of Nigeria on Monday ordered banks in the country to prevent payment cards (debit and credit) issued by them from working in fraud-prone countries, including the United States of America, South Africa and China. The central bank also said that henceforth, the banks would be liable for frauds committed abroad using cloned cards belonging to their customers. The PUNCH had exclusively reported on Monday that some... ow.ly/2TBWDF

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