Barclays warns clients
Monday, September 15, 2014
In a statement, the bank said that it takes all necessary steps to protect customers against fraud as it has a card monitoring system, which enables them to detect suspicious transactions. In the event of such, Barclays says that customers are called to confirm the transactions. In cases where the customers are not reached, an SMS is sent to notify them about the transaction and request them to verify it through their call centre or the nearest branch. The bank also advised its customers not to use an ATM machine if they notice anything unusual indicating it may have been tampered with and also to avoid using the ATM if there are any suspicious looking individuals.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...