Practical proposal about ATM fraud Essay Example | Topics and Well Written Essays - 250 words

Practical proposal about ATM fraud - Essay ExampleSmart phones can be exercisingd to make withdrawals and payments in retail stores instead of credit cards. This will protect the PIN numbers and other personal information.According to Abagnale, the use of smart phones will not don universally as this will require one to become an expert of some electronic gad force back, a task that is not so easy. However, technology is just now part of the inevitable change that happens as we become more civilized. The same way people got training on computers, is the same way they can get training on use of these efficient gadgets (Abagnale, 108).The investment is actually worthwhile for varied reasons. First, it is impossible to record the PIN as done on an ATM. secondly the same smart phone can be used to keep track of ones expenses as it records when and where the transaction was made. This information can withal be accessed through emails. Also, some of these gadgets are so advanced that t hey also utilize the use of genes and fingerprints. A good example in this case is the use of gene coding in most bank vaults which has proved to be safer over the