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Credit/Debit Card On-line Fraud Prevention

Tips on protecting your credit and debit card accounts from on-line fraud

     Prosecutors say they've busted a ring of computer hackers working on a scale never seen before.  As many as 130 million credit and debit card accounts were breached. That raises new concerns about how consumers can protect themselves from fraud. I found a couple of websites which offer some safety tips. I chose to share the one from the website www.dslreports.com.  

      Protect yourself from online credit/debit card fraud?

1. Be suspicious of the browser window used to enter payment information.

- Most, if not all, legitimate businesses use SSL encryption and have a "lock" symbol either in the browser address or on the bottom of the browser.

- A URL for a secure website will begin https:// instead of http://.

2. Be informed: research the company's background history at Resellerratings.com or at Bizrate.com

-It is better to find out beforehand that a company is bad than to order and never receive the item or have it arrive very late.

3. What about credit or debit cards?

- Most, if not all, credit cards offer fraud protection from unauthorized charges in the form of fraud "chargeback" protection.

(A chargeback is where the card issuer, such as a bank, will take the money back from that company in addition to a fee for processing the chargeback.)

4. Protection for debit cards (check cards)

- It depends on the card issuer.
Some banks, such as Citibank offer the ability to generate a one-time use number for purchases.
Visa cards: debit (check cards) & others
- Most banks/credit unions issue these and usually offer some protection.
- Please inquire with your card issuer for additional information.

Visa has a "zero liability" policy available. It applies to both credit and debit cards. »www.usa.visa.com/personal/securi···ity.html

Other helpful Information:

Most credit/debit card issuers may call you in case of "suspicious" activity, such as making several expensive purchases or if the expensive item is to be shipped to a third world country such as Nigeria.

Protect your money and take every pre-caution to prevent fraud.



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