With the increasing hardships of life in Zimbabwe, people are finding unscrupulous ways of surviving. There are also many criminals who have been given amnesty in prisons or have returned home from the diaspora where they made a living through card fraud.
Since card fraud was rare in Zimbabwe, many people are being caught unaware. One can never be too careful or feel that they are not prone to such fraudulent activities.
Perpetrators use a variety of Card Fraud methods and keep changing their approach to trick their victims. The most common Card Fraud types at present include Counterfeit Card Fraud, Lost and Stolen Card Fraud, False Application Fraud and Card Not Present Fraud. Card Fraud is difficult for the banking industry because perpetrators prey on the vulnerabilities of bank customers and do not target banking systems.
Counterfeit Card Fraud
Counterfeit Card Fraud involves illegally manufactured cards that use personal information stolen from the magnetic strip of a genuinely issued card. In other cases, lost and stolen cards or old cards are encoded with the new information that was stolen from a genuine card for purposes of committing Counterfeit Card Fraud. Perpetrators usually use card skimming devices to steal the information needed for Counterfeit Card Fraud.
Card Not Present Fraud
Card Not Present (CNP) Fraud refers to a fraudulent transaction where neither the card nor the card holder is present at the point of sale. CNP transactions can be conducted when orders for goods, travel or accommodation are placed telephonically, by internet, mail order or fax.
Lost Card Fraud
Lost Card Fraud refers to fraudulent transactions conducted on a valid issued debit or credit card after the card holder has lost his or her card.
Stolen Cards Fraud
Stolen Card Fraud refers to fraudulent transactions performed on a validly issued debit or credit card that was stolen from a legitimate owner.
False Application Fraud
False application Fraud occurs when fraudulent transactions are conducted on an account where the card was acquired by falsifying a card application. Since the introduction of legislation such as FICA and the NCA, banks have become more rigorous in application verification procedures and False Application Fraud has declined by over 90% from the 2007/2008 high.
Account Take Over Fraud
Account Takeover Fraud occurs when a perpetrator poses as the legitimate account holder and takes over someone’s account and then uses the account for their own benefit. Access to personal information is used by perpetrators to pose as their victims for both Account Takeover Fraud and False Application Fraud.
Not Received Issued Card Fraud
Not Received Issued Cards Fraud relates to validly issued credit and debit cards that are intercepted before they reach the authentic customers and used for fraudulent transactions.
Plastic card fraud involves the compromise of any personal information from credit, debit or store cards.
The personal information stolen from a card, or the theft of a card itself, can be used to commit fraud.
Fraudsters might use the information to purchase goods in your name or obtain unauthorised funds from an account.
Plastic card fraud can also include ‘card not present’ fraud, such as the use of a card online, over the phone or by mail order, and counterfeit card fraud.
Protect yourself against plastic card fraud
Keep all your cards and financial details safe:
- look after your cards and card details at all times. Try not to let your card out of your sight when making a transaction.
- Shred or burn bank statements, receipts and financial information when disposing of them.
- Never let another person use your card and do not leave your card or your card details lying around.
- Report any suspicious behaviour by the person to whom you have handed your card when making payments immediately to your Bank.
- Never accept help from anyone at an ATM, even people who appear to be bank staff or security.
- Be familiar with your ATM construction, this way you will notice any foreign objects attached to it.
- Never use an ATM that is tampered with or visibly damaged. This could be a trick to get you to use another ATM in close proximity where a device is mounted.
- Suspicious foreign objects or people loitering around ATMs should be reported to your bank immediately.
- Avoid making online payments and if you need to make any online payments, NEVER MAKE THEN OVER PUBLIC WIFI OR PUBLIC INTERNET CAFE’S.
- check receipts against statements carefully. Contact your card company immediately if you find an unfamiliar transaction
- store your statements, receipts and financial documents safely and destroy them, preferably using a shredder, when you dispose of them.
- sign any new cards as soon as they arrive
- cut expired cards through the magnetic strip and chip when replacement cards arrive.
- Don’t send emails with your card details such as your card number and expiry dates.
- Make use of the card security products offered when transacting with online merchants.
- Ensure you only place orders with your card on a reputable and secure website when shopping online.
Secure your PIN:
- MEORISE YOUR PIN and destroy any paper notification as soon as you receive it
- Ensure that YOU’RE THE ONLY PERSON that knows your PIN. Never write it down or record it. Your bank or the police will never phone you and ask you to disclose your PIN
- when entering your PIN, use your free hand and your body to shield the number from prying eyes or hidden cameras. If you think someone has seen your PIN or if you want to change it to something more memorable, you can change it at a cash machine (ATM) or by contacting your bank.
Take care when using cash machines:
- put your personal safety first. If someone makes you feel uncomfortable, cancel the transaction and use a different machine
- if you spot anything unusual about the cash machine, or if there are signs of tampering, don’t use it. Report it to the bank concerned immediately
- be alert. If someone is crowding or watching you, cancel the transaction and go to another machine. Don’t accept help from seemingly well-meaning strangers and never allow yourself to be distracted
- once you’ve completed a transaction, put your money and card away before leaving the cash machine. If the cash machine doesn’t return your card, report its loss immediately to your card company. Destroy or preferably shred your cash machine receipt, mini-statement or balance enquiry when you dispose of them.
Contact your bank immediately if you think your card or personal information has been compromised.
Below is a list of scholarships available to Zimbabweans. Please contact the scholarship provider, zimdev is not involved in the awarding of any scholarships.
Headquartered in the township of Chitungwiza, just outside Harare
Over 300 Girls Clubs with a membership of over 20,000 girls between the ages of 5-16, living in both rural and urban areas throughout the country.
provides school fees to girls whose families cannot afford to send them to school, and membership in the Girls Clubs where counseling, peer-to-peer support, leadership training, and HIV/AIDS prevention education take place.
In line with its community social investment program, Econet has established the Joshua Nkomo Scholarship Fund (JNSF), a pan-African scholarship fund for academically gifted Zimbabweans to pursue their high and tertiary studies at local secondary schools and universities. Ten deserving students from each province will receive the scholarships annually, and half of these scholarships will be reserved for women. Award of the scholarships will be irrespective of race or financial background. Prospective applicants must take note of the following: 100 scholarships per year will be awarded – ten per province. They are warded to students at two levels of the education system: Lower Sixth (post ‘O’ Level) 50 scholarships and First Year University (post ‘A’ Level) – 50 Scholarships.
FOR PROFESSIONAL DEVELOPMENT/VOCATIONAL TRAINING Scholarships
To provide a source of financial assistance for Zimbabwean exiles in the UK who wish to pursue professional development courses or vocational training that will equip them to participate in rebuilding the economy and institutions of Zimbabwe when circumstances allow them to return home.
UNDERGRADUATE STUDENTS Scholarships
- The Government of the Czech Republic offers scholarships within the framework of its Foreign Development Assistance in support of the study of foreign nationals from developing countries at public institutions of higher education in the Czech Republic.
- Bachelor/Master/Doctoral study programs plus one-year preparatory course of the Czech language
- Follow-up Master study programs or Doctoral study programs in the English language.
What does the scholarship cover?
- The scholarship covers all necessary costs related to stay and study in the CR.
- The scholarship amount is regularly amended. Currently the amount paid to students of a Bachelor’s, Master’s or follow-up Master’s study program stands at CZK 14,000 per month, whereas the amount paid to students of a Doctoral study program stands at CZK 15,000 per month.
- The above scholarship amount includes an amount designated for the payment of accommodation costs.
- Travel expenses for traveling to the Czech Republic and back to the student’s homeland are paid by the party that has nominated the student to study in the CR
Assist politically engaged students who for political reasons have been prevented from studying in their countries of origin to continue their studies in the Netherlands.
The Fund provides financial help to students who want to follow a bachelor’s or master’s programme in the Netherlands. Study can include research and/or practical training.
Suitable candidates are politically/socially engaged students who are personally active in efforts to improve political or social conditions in their country of origin and because of this have encountered problems in continuing their studies.
You can submit an application for a Libertas Support Fund scholarship if you are a Zimbabwean national, meet all the conditions set by the Fund, and belong to the scholarship programme’s target group.
If you think you belong to the Libertas Support Fund’s target group, you should contact the Dutch embassy in Harare by sending an e-mail to email@example.com explaining in a few sentences why you believe you belong to the scholarship programme’s target group. You will immediately receive confirmation of receipt of your e-mail.
- EXCEEDING LIMITS, TRANSFORM.
- Our goal is to raise transformational leaders to influence change on the African Continent. The MasterCard Foundation Scholars Program at KNUST provides academically talented yet economically disadvantaged young people in Ghana and Africa with access to quality and relevant university education. It embodies an array of mentoring and cultural transition services to ensure student academic success, community engagement and transition to employment opportunities which will further social and economic change for Africa.
- Full Tuition for Undergraduate and Graduate Courses
- The MasterCard Foundation has partnered with Michigan State University to provide full tuition scholarships to undergraduate and graduate students from Sub-Saharan Africa.
- Through financial, academic, social and post-graduation support, The Scholars Program will ensure that young people are equipped with the skills and competencies needed to spur economic growth and social development in their respective countries of origin.
International Scholarship Program for Africa (4). VALUE: $100,000 ($25,000 x 4 years). Must be citizen of an African country. To renew — maintain high academic standing (7.8 on a 9-point York scale) in each academic year at York.
FOR THEOLOGICAL STUDENTS
- for Theological Education in Zimbabwe provides an opportunity for donors to make contributions to a permanent fund that will allow the United Church of Christ in Zimbabwe to grant scholarship support for students studying for the ministry. The first priority for the use of distributions from the Crosby Scholarship Fund is to provide support for UCCZ students studying for the ministry at the United Theological College in Zimbabwe. Second priority is to use the distributions to support their ministerial students studying in other institutions of theological education in Africa.
FOR GRADUATE STUDENTS
The object of this scholarship scheme is to establish scholarships at postgraduate level in the University of Cambridge for the benefit of students from Zimbabwe. The Scholarships are open to citizens of Zimbabwe, normally under the age of 35 and normally resident in Zimbabwe, who already have, or expect to obtain before 1 October 2008, a first class or high second class degree or its equivalent from a recognised University.
provides scholarships to students who wish to pursue a postgraduate degree (mainly Master’s degrees of one or two years) in either the United Kingdom or South Africa.
- is addressed to post-graduates and to academics who already gained professional experience and who are interested in postgraduate studies (or research stays) in Germany. This program is administered by regional partner committees, staffed by university professors and church representatives. Normally documents are submitted to the committee of the applicant’s home country.
- A Rhodes Scholarship is tenable at the University of Oxford. After election to a Scholarship the successful candidate has still, however, to obtain admission to the University of Oxford and one of its constituent Colleges. There is no guarantee of a place and the award of the Scholarship is not confirmed by the Rhodes Trustees until the Scholarelect has obtained such admission. The Scholarship once confirmed may be held for one or, more normally, two years and may, at the discretion of the Trustees be extended for a third year.
- The Allan and Nesta Ferguson Charitable Trust – African Scholarship. The scholarship is open to all successful applicants on the Sloan Fellowship who are African nationals and reside in Africa.
FOR POSTGRADUATE STUDENTS
- The Beit Trust offers annually a small number of Scholarships abroad for postgraduate studies or research to graduates who are domiciled in Malawi, Zambia or Zimbabwe (the beneficial area). Scholarships are taken up at a university in the United Kingdom, Ireland or South Africa, for study in a subject of the individual’s choice appropriate to the needs of the beneficial area.
- The Crosby Scholarship Fund for Theological Education in Zimbabwe provides an opportunity for donors to make contributions to a permanent fund that will allow the United Church of Christ in Zimbabwe to grant scholarship support for students studying for the ministry. The principal of the Crosby Scholarship Fund is invested and 100 percent of the distributions from the Crosby Scholarship Fund will be disbursed to the United Church of Christ in Zimbabwe.
- Phoenix Zimbabwe provides a source of financial assistance for Zimbabwean exiles in the UK who wish to pursue courses of professional development or vocational training that will equip them to participate in the rebuilding the economy and institutions of Zimbabwe when circumstances allow them to return home.
Other Great Links to Scholarship Opportunities:
List of FREE UNDERGRADUATE SCHOLARSHIPS – CLICK HERE
- Canadian Universities offer a world class education and generous scholarships to international students. Here’s our list of the best opportunities.
- Numerous US Universities offer scholarships for international students. We list only the best opportunities here.
- We’ve examined scholarship opportunities from 100’s of schools and only these make our TOP 10 list.
- Looking for the best scholarships offered for Graduate study. Here’s our TOP 10 list of best choices.
- Also see our list of the Best European Graduate Scholarships
Please contact the scholarship provider, zimdev is not involved in the awarding of any scholarships.