Here's another reason to think twice before using your debit card.
Consumers like paying with debit cards as a way to stick to a budget. For thieves, that plastic represents a lucrative spending opportunity.
"If you look at it over the last three years, the rate of compromise has almost doubled, every year over the last three years," he said. Under the Fair Credit Billing Act, your liability for unauthorized use of your credit card is at most $50 . When possible, stick to ATMs and other purchase terminals that are located in a more secure or monitored location, said James Chessen, executive vice president of the American Bankers Association's Center for Payments and Cybersecurity. For example, use an ATM inside a bank branch versus one on the street or freestanding in a convenience store.The introduction of chip card technology for debit and credit cards has stopped a lot of point-of-sale fraud, Chessen said.
For example, your bank might allow you to connect a savings account to your debit or ATM card for ATM withdrawals, or offer enrollment in a program that automatically transfers money from savings to checking in cases where a transaction would otherwise leave you overdrawn.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
I almost never use my debit card outside of ATMs for 2 important reasonsCredit cards provide fraud protection and rewards that debit cards do not — but you have to use them the right way.
Weiterlesen »
3 reasons to think twice about an infrastructure billIf you’re not careful, federal funding can backfire.
Weiterlesen »
Lyft can retain drivers with its new driver-focused debit card“Lyft Driver Services” includes financial tools like a no-fee bank account and debit card, as well as discounts on rental cars and vehicle maintenance:
Weiterlesen »
Amphibian apocalypse is twice as bad as scientists thought
Weiterlesen »
Spring clean your credit card debt and learn to stay on budget using these 3 stepsIf you need to sweep away piled-up debt, here’s how to employ cleansing strategies on your hefty credit card balance.
Weiterlesen »
Apple Has A New Credit Card. Here’s What You Need To Know.The Apple Card will be built into the Apple Pay wallet app and also come as a physical titanium card. Customers will earn 2% cash back on card purchases made via Apple Pay and 1% on those made on the physical card.
Weiterlesen »
Here's how the new Apple card stacks up against othersApple CEO Tim Cook said on Monday that the company's new card 'is uniquely positioned to make the most significant change in the credit card experience in 50 years.' Some credit card experts are underwhelmed.
Weiterlesen »
EXCLUSIVE DATA: iPhone users want the Apple Card — here's why its appeal could propel Apple PayExclusive data from BIIntelligence: 42% of iPhone users are “extremely interested” in applying for Apple Card — here's why its appeal could propel Apple Pay
Weiterlesen »
Here’s everything Apple isn’t telling you about its new credit cardThe new credit card may seem attractive to Apple aficionados, but consumers should watch out for the fine print.
Weiterlesen »