This page provides hashtags, wiki & search data, images and meanings of the abbreviation QVSRSCS. Below, you also find the detailed meaning of each letter in the QVSRSCS acronym.
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QVSRSCS has a life path of 9. QVSRSCS means:
FRAUD PREVENTION MEASURES IN BANKS AND OTHER FINANCIAL HOUSES Given that fraud is a criminal act that has a negative impact both to the financial institute and to the general public as it can reduce the income of a country if not controlled. The government has forward a couple of measures to protect public funds. There has been the creation of the Uniform Commercial Code (UCC) put in place in order to serve as a regulator and to define the accountabilities of counterparties when carrying out a business transaction and banking transaction. The UCC can be stated as follows, any transaction that involves two counterparties and there is the occurrence of fraud in terms of liability and money, the consequence is split between the two counterparties based on each once negligence and diligence during the transaction. This has boosted the banks to put in place measures to reduce and stop fraudulent transactions. Positive pay This is a measure used to verify an account and it is...
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