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