| As the number of customers using credit cards has | | | | customer is required to sign. It is mandatory to sign on |
| increased, the number of customers becoming victims | | | | this label, as this would be compared at the merchant |
| of credit card frauds has also increased. | | | | outlet whenever the customer makes any transaction. |
| There are a numerous ways in which credit card | | | | 2. It is always a good practice to change the PIN |
| frauds happen. However, the most happening are the | | | | (personal identification number) frequently. One should |
| frauds that occur through cyber-shopping, where | | | | enter the PIN in such a way that no one can easily |
| hackers find ways to steal credit cards numbers from | | | | remember the keystrokes. |
| the websites. Hence, many customers are not willing to | | | | 3. The PIN and the account number on the credit card |
| neither make transactions nor disclose their credit card | | | | are sufficient to make any transaction online. Hence, |
| numbers to online cyber-merchants even though they | | | | one should make it a practice not to leave the |
| recognize the convenience of e-shopping. | | | | transaction receipt or the credit card statement behind |
| Another way of credit card fraud is identity theft, | | | | at the ATM or at any merchant outlet. |
| where stolen credit cards are used for making | | | | 4. One should check the monthly statement carefully |
| transactions at merchant outlets and also on the | | | | to make certain that all the transactions listed in the |
| internet. Even credit card companies have been found | | | | statement are genuine. It is good to have an online |
| to resort to unfair or fraudulent practices. In this | | | | account for efficient tracking of the credit account. |
| context, it is important to have a secured transaction, | | | | Any unauthorized transactions or errors in the |
| vigilance and a tight security while using a credit card. | | | | statement should be promptly notified to the bank. |
| Listed below are some tips that can be used for a | | | | 5. One should never provide the credit card number |
| secure transaction when using a credit card. | | | | and the PIN to anybody over the telephone. |
| 1. All credit cards have a magnetic strip, where the | | | | |