Ways of Curbing Frauds Associated with Electronic Payment

Payment fraud is pervasive: Most business organization have experienced actual payment fraud in the past decades. Today, many business and government agencies make payments electronically rather than physically. People today, break so many security measures in banks to take other people‟s money and other valuables in banks. This paper tries to identity types of frauds in e-payment and posits appropriate measures to control them. The paper recommends that once payment is made on behalf of an agency, the agency must be notified instantly and fast ordering system with live update, technology used to curb frauds associated with electronic payment