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Kina Bank Cracks Down on Fraudulent Transactions

Port Moresby, Papua New Guinea - Kina Bank has announced a major overhaul of its anti-fraud measures to detect and prevent fraudulent transactions across all card platforms.

24/7 Monitoring System

The bank’s advanced analytics track every transaction made with Kina Visa cards and local debit cards. The Fraud Prevention team investigates each suspected case, verifies it with the cardholder, and takes appropriate remedial action to prevent future occurrences.

Customer Security Priority

“We take fraud very seriously at Kina Bank,” said a spokesperson for the bank. “Our priority is to ensure our customers’ financial security, and we’re committed to staying one step ahead of fraudsters.”

Services Offered

The bank offers various services to monitor and verify transactions, including:

• Monitoring and verification of transactions
• Remediation strategies to reduce the risk of fraud
• Ability for customers to request updates on their travel plans and contact information
• Control over transaction status via internet banking

Additional Measures

Kina Bank also has an EFTPOS transaction monitoring system that detects fraudulent activity, investigates all suspicious transactions, and verifies them with the card issuing financial institutions. Counteractions are taken to prevent reoccurrences of fraud cases.

Tips for Staying Safe from Fraud

To stay safe from fraud, Kina Bank advises customers to:

• Arm themselves with online fraud awareness tips
• Protect their accounts
• Be cautious of phishing attacks
• Keep their card information secure

Commitment to Customer Security

“We’re committed to protecting our customers’ financial security and staying ahead of fraudsters,” said the spokesperson. “By working together, we can prevent fraudulent transactions and ensure a safe and secure banking experience for all.”