Banking Industry Label Maker

Do you know about the different frauds in the banking sector while using the bank side platform? There are many frauds and irrelevant activities such as: *Lots of room for creating misunderstanding with new payment methods: The activity of smart phones with internet and many modes of payment through applications or software created an atmosphere for fraud. While using UPI and card payments access, fraudsters employ a variety of activities to try and convince customers to disclose sensitive information. They used a variety of methods, including payment requests via the Unified Payments Interface (UPI) and QR code sharing via WhatsApp or many other application and social media platform. *Fraudulent credit card transactions: Key points to be clear before making credit card transactions that the cards are authenticated, cards shouldn’t be duplicate, do not use in illegal activities. *Money laundering request: Request money is a scam method of manipulating individuals and obtaining their money through the payment request. Fraudster uses UPI's request functionality by making falsified payment requests that include messages such as "Type the UPI PIN to get cash" and so on. Most important fact is that you need to enter your transaction PIN only while transferring money to someone. *Wrong QR codes: QR codes has very fast access to transferring money to someone but it is important to remember that QR codes only used to transfer money and not to receive money. *App for remote access: Users asked to download screen-sharing programmes or applications such as Screen share, any desk, and team viewer, which are used to get access to bank details or personal data. These apps are not malicious, but they do provide a third-party access to your server. The process of encoding the information in banking barcodes usually involves several steps, which may vary depending on the specific software and type of barcode used.