Banks stop ATM card usage in USA, China

Rising cases of electronic frauds, especially Automated Teller Machine-related scams, which have made Deposit Money Banks to lose billions of naira in recent times, have forced some of the lenders to prevent their payments cards from working in the United States of America, China and a few other countries.
It was gathered that the banks took the action following the huge amount they were spending in refunding customers who had lost money in payment cards related frauds. Continue Reading