When Johannes Maartens paid with a cheque for the maintenance on his Ford truck, he never thought that this would turn into a nightmare. The $20 cheque that he gave to the electrician that fixed the indicator on the truck turned into a $ 2000 withdrawal when the cheque was offered to his bank. It took Johannes a lot of time and effort through the courts to get the matter resolved. (Read the full article here)
I was just thinking when I read this article: Would this type of fraud been possible if he made a mobile payment (as he could have done today in South Africa). and the answer is absolutely not - because it is virtually impossible for the electrician to change the payment instruction. Episodes like this should convince people to start doing more of their transactions via their cellphones.
Thursday, October 09, 2008
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