subject: What To Do About Credit Card Fraud? [print this page] Whether you are a credit card holder or a merchant, you have to face credit card fraudulent situation sometime in your life. Therefore, you should know what to do about credit card fraud. Today, I am going to shed light on credit card fraud protection methods. I will describe the methods for merchant and card holder separately for your convenience.
How Card Holder get protection from Credit Card Fraud?
There are some methods through which credit card holder get protection against credit card fraud online.
Properly Logout From Your Bank account: A cardholder should try to keep his credit card information secure. Whenever he is going to open his bank account online then it is strongly recommended that he properly log out from his account instead of closing a tab.
Activate Your Anti-virus program: A person should keep his anti-virus program activated all the time. It is also advised that you update this program time to time. When such program will be active on your personal computer then there is no chance of virus or malware attack on it.
Don't become a Victim of Phishing: Phishing is an email scam in which you obtain legitimate looking emails from mimic banks. The purpose of these emails is to get your credit card information, password and other details. You can get the protection from this credit card fraud quite effortlessly; don't open an email from unknown sender.
Shred your Sensitive documents: It is better for you to shred your sensitive documents such as bills, bank statements, credit card application, etc before putting them in bin. Buy a shredder and properly shred these outdated documents.
Check Bank Statements Carefully: Another way of credit card fraud management is the weekly and daily checking of bank statements. When you will examine your documents then you may find some charges which are not recognized by you. Thus you can start an inquiry about any such transaction and can get protection against credit card fraud.
How Merchants Obtain credit Card Fraud Protection?
Here are some methods of credit card fraud protection for the merchants.
Process an Order after getting complete details of Buyer: A merchant should always collect the complete fact and figures about a buyer before processing an order. Once you become satisfied with the validity of buyer's email address, shipping address, credit card details and other thing then you can process an order with peace of mind.
Never Accept An Order from Free Email Address: Another way to get some protection against credit card fraud is to disapprove an order from free email address (yahoo, Google, msn, etc) or a web-based email ID. You need to demand an ISP or domain based email address so that you can easily track this ID whenever you need.
Clear Every Doubt Before Processing an Order: Incase a merchant has some doubts in mind regarding identity of the buyer then it is better to clear the doubt instead of processing such order. For clearing the doubt, you have to call the customer at a number provided by him.
I am sure that these simple methods will guide the merchant and card holder about credit card fraud management. So try some and enjoy great protection from credit card fraud.
