Easy Forex Trading

Sunday, December 25, 2011

Credit Card Fraud Prevention

Globally, credit card fraud costs card issuers billions of dollars a year in the abuse
their cards. Some of this loss is passed back to the retailer who fails to comply with the method normal processing to the card. Another part of the insured losses. However, as
holder you are potentially responsible for the misuse of your credit card.
 Therefore, the important that you make yourself aware of what the current fraud scams and how you can help in fighting credit card fraud prevention. For this purpose, the following is,
1). several fraud prevention methods you can do  
 when using your card, do not once the card out of your view if you use the card into a machine-copy paper old carbon, carbon-copy store and then destroy it never use the card your credit on an unsecured site never use your credit card to withdraw money at an ATM addition to the above, make sure you use a certain technology advances with
Your credit card should also help in the prevention of credit card fraud. In this case, the following is currently popular with the card issuer:  
 2). Photo identification  
 Where your image will be displayed in front of the card
 3). Finger printing:  
Where facsimile finger print will be displayed on the back of your card.
 4). Chip and Pin system   
Where the card has an encrypted chip containing details about the card and PIN cards guarantee is a genuine problem. Basically, the chip contains the same information used must be contained in the magnetic strip behind the card, but in a chip format is believed to be more difficult to copy. Although each of the existing  system of credit card fraud very easy method prevention, with credit card fraud costs more and more every year, you can bet that issuers who will deal with this problem head-on: so stay aware of the latest credit card fraud prevention methods and help address this growing problem.

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