Financial Safety: 12 Tips to Avoid Credit Card Fraud (Part II)
Last time we left off, we were discussing credit card fraud and the ways to avoid being scammed, ripped off or, for lack of a better word, screwed. We addressed the first six basic principles of card safety, which were, for your review: studying your statements and cross-referencing those statements with receipts; not leaving sensitive data, documents or cards laying around; storage of all records, account numbers, and company contact info; not signing a blank receipt – ever; keeping card receipts for comparison with statements; and signing a new card the moment you get it in your hands.
Without further ado, the remaining six tenets protective of your financial life include:
- Keep an eye on your card during checkout, and get it back in your hands as soon as you can.
- Report any false or shady charges – ASAP – to your card issuer. The sooner they know, the better.
- If you’re about to move into a new home, let your card issuer know your new address, even before you begin the move. Information like this is used to verify your identity, in some cases.
- Acquire a lockable mailbox to keep a thief from getting your statements or any other documents containing sensitive data.
- Never let anyone borrow your card, even if you trust them. It may not be your loved one who scams you, but rather, a thief who scams him or her.
- Avoid divulging any of your card information on the phone or on the web, unless the business is a well known, trusted organization with a secure link. (Look for “https://” instead of the usual “http://” – this indicates a secure, encrypted connection safe for transferring your precious card information.)
If any of your cards were lost or stolen, or if you suspect fraudulent activity, call the card issuers as soon as realistically possible — and don’t put it off. Legally, you carry no accountability for charges you never authorized when you get in touch with the card issuer promptly. Additionally, follow up your complaint by writing – on physical hardcopy – about your situation, never forsaking any detail you feel may be pertinent to the situation.
Vision Payment Solutions wishes you health, happiness, and – in the spirit of our industry – a financially safe and secure holiday season. If you have any other questions related to financial safety, card processing hardware or software, or partnering with VPS, do not hesitate to call (877) 674-2286 today, and speak with one of our friendly, experienced representatives, who are standing by.