Industry WIKI

Cheque fraud (Commonwealth English) or check fraud (American English) is a category of criminal acts that involve the unlawful use of cheques to illegally acquire or (effectively) to borrow funds that do not exist within an account balance or account-holder's legal ownership. Most methods involve taking advantage of the float (the money made available by a bank for a time between the pre

Electronic benefit transfer (EBT) is an electronic system used in the United States that allows state welfare departments to issue benefits via a magnetically encoded payment card. It reached nationwide operations in 2004.