Thank you for the opportunity to help you with your question!
Bank fraud is easier to perpetrate using smart cards and online banking instead of traditional banking practices because in smart cards and online banking there is totally use of electronics money which is just digits UN till you get the money there is a far more higher chance of getting fraud in this case because some one can hack your password as well as your electronic money. In traditional banking account holder goes my him self to get money and he can be verified manually by the banking staff but in the case of smart card and online banking.In online banking and smart cards there is also a higher
chance of password lost and by mistake sending money to someone else
but in case of traditional banking we have more secure structure and less chance of getting robed or making mistake.
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Oct 8th, 2015
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