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A Nigerian man has received accolades from people after dishing out a piece of advice on how to avoid being defrauded.
The young man who revealed he has been in the Point of Sale (POS) business for over five years said it could be used for fraud.
According to him, someone's Bank Verification Number (BVN) can be stolen during a transaction which will be subsequently used to empty the victim's account.
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He advised people who patronise POS operators to make sure they hold the machine till it approves the transaction.
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After the transaction has been approved, the customer should press the red (cancel) button so that the transaction and card details will be erased from the POS system.
According to him, if this is not done, the POS vendor, if fraudulent, can access the customer's BVN and send it to fraudsters who would hack into the account and empty it.
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Watch the video shared by @adeolafayehun below:
Meanwhile, Legit.ng previously reported that experts say the incessant rate of fraud in the Point of Sale (PoS) machine service is becoming worrisome.
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Though lucrative and productive, quite a number of bad eggs have begun to tarnish the good works of a fine, veritable tech-solution gadget like the PoS machine.
Meanwhile, victims of PoS fraud have called on the Central Bank of Nigeria in conjunction with the federal government to combat PoS fraud.
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