| Globally credit card fraud costs card | | | | credit card fraud prevention. In this |
| issuers billions of dollars a year in | | | | regard, the following are currently |
| fraudulent use of their cards. Some of | | | | popular with card issuers: * |
| this loss is passed back to retailers | | | | identification photos: where your |
| who failed to comply with the normal | | | | picture is shown on the front of the |
| processing method for the card. Another | | | | card |
| part of the loss is insured. | | | | * fingerprinting: where a facsimile of |
| Nonetheless, as a cardholder you are | | | | your fingerprint is shown on the reverse |
| potentially liable for any fraudulent | | | | of your card; |
| use of your credit card. It is, | | | | * chip and Pin systems: where the card |
| therefore, imperative that you make | | | | has an encrypted chip containing details |
| yourself aware of what the current fraud | | | | about the card and a PIN that ensures |
| scams are and how you can help to in the | | | | the card is a genuine issue. Essentially |
| battle of credit card fraud prevention. | | | | the chip contains the same information |
| To this end, the following are some | | | | that used to be contained in the |
| fraud prevention methods you can adopt: | | | | magnetic strip on the reverse of the |
| * when using your card, never card out | | | | card, but in chip format it is believed |
| of your sight | | | | to be harder to copy. |
| * if you use the card in an old | | | | Although each of these systems is no |
| carbon-copy paper machine, keep the | | | | foolproof credit card fraud prevention |
| carbon-copy and destroy it later | | | | method, with credit card fraud costing |
| * never use your credit card on an | | | | more and more each year, you can bet |
| unsecured website | | | | that issuers are going to be tackling |
| * never use your credit card to withdraw | | | | this issue head-on: so stay aware of the |
| money in an ATM | | | | latest credit card fraud preventions |
| Aside from the above, ensuring that you | | | | methods and help combat this growing |
| use certain technological advances with | | | | problem. |
| your credit card should also help in any | | | | |