Avoid credit card fraud – simple tips

Types of Fraud

Theft of the card
Card is stolen from your purse or wallet, and somebody pretends to be in order to use the card.

Cloning/Skimming
An employee of a shop (such as petrol station) puts your card into acard reader and steals the details of the card.

Card-not-present fraud
Details may be obtained from card theft, skimming or by viewing receipts. Items are then fraudulently obtained by buying over the phone, internet etc.

Prevention

1. When paying by card, keep it in sight.
2. Check bank statements and flag anything you don't remember immediately.
3. Keep your PIN numbers safe and never tell anyone
4. Keep your cards safe,
5. Only use secure, well-known internet sites when shopping online.
6. Shred statements and receipts

Think you’re a victim? If so..

• Call your card provider and get them to cancel the card
• Check with a credit reference agency and make sure no fraudulent applications have been made.

Credit Card Company Sheds Jobs

Capital One, a credit card company based in nottingham are to axe 750 staff with most of the cuts coming in the IT and administrative areas. There are currently around 1,800 staff at the branch that has been opened since 98.

The reasons given were that Capital One had to remain above of its competitors and so cutting extra staff was an economical must in order for them to remain competitive.

With Nottingham being the base for the European operation for the US company it, it has come as quite a shock to lose such a percentage of the work force.

This co-incides with the current credit crunch that it taking place and on top of the difficulties people are facing to get mortgages or to even stay afloat this has come as quite a shock.

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