If the bank suspects a stolen card is used or a hack account is realized, the purchase can be blocked and reported. “Hit the lining” Global financial markets and GV Plekhanova Svetlana Frumina bearing the name of FinTech Reu.
“Prevention for security purposes takes place after a few unsuccessful initiatives to enter the pin code. In addition, it is possible to block a card if the purchase amount of the specified limit is exceeded,” he said.
In the second case, he announced that parents can be locked if they limit their children’s costs. Frumin said that banks use a transaction monitoring system. It takes into account the frequency of operation and geographical location. When they try to pay for purchases from the card that is different from the usual ones in these indicators, the system will reject the process.
Finans, pointed out that some bank cards do not operate in certain regions.
Banks in Russia since March 29 will be obliged To inform the parents or non -disregard representatives about debit cards and any operation in the child’s account. The Central Bank said that the information and method will be specified in the customer agreement with the Credit Authority.
To the Russians before They called the rulesWill protect the accounts from hacking.
What are you thinking?
Source: Gazeta

Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.