NEWS & ADVICE : CREDIT CARDS
Prevent your debit and credit card from counterfeiting
By Ankit Sharma
Print    Email    RSS   

The use of plastic money began in India as early as 1987, when HSBC first introduced their ATM cards. Since then there has been no looking back. Today debit and credit cards together generate sales of over Rs. 1.5 lakh crore annually.

Also the increase in internet coverage and rising level of disposable income amongst the middle and upper middle class has contributed to surge in the usage of cash less purchases. Convenience in terms of usage can be attributed to be one of the vital factors aiding to its increasing popularity. One can now buy without worrying to take out and carry cash. From mobile phone recharges to airplane tickets; from a cup of coffee to a meal at fine dine restaurant, almost everything can now be purchased via credit and debit card.

The other side of the coin

Increased use of plastic money by consumers across the nation has also seen the rise in frauds and crimes related to credit and debit cards at an alarming rate. These crimes occur primarily because of negligence of the user, which makes the unsuspecting user a susceptible target of such miscreants who take benefits of their negligence and steal their hard earned money.

It becomes very difficult for the police and the bank to control such crime because by the time one files a complaint and the action is taken, a lot of damage has already taken place. So the best way to secure lies in an old proverb, "Prevention is better than the cure". That is the card users must take care of a few thumb rules to prevent themselves of becoming targets to credit/debit card cloning/counterfeiting.

The improvements in the field of technology has made improvements in security, but at the same time, unscrupulous people are getting access to advanced technology which can make counterfeiting/ cloning of cards easy.


Page  | 123 |  
(Comments Posted : 1) Post Your Comments
1. Welcome to Thomas Credit Firm, I am an international business man and Lender that has offered Loans to so various individual and firms in Europe, Asia, Africa and other parts of the world. We give out our Loan for a interest rate of 2% per annul for a minimum of 100.00 to a maximum of 100,000,000.00 rubles, dollars, pounds, euros, etc. The maximum loan term we can offer is 30 Years at fixed interest rate.
Available Loans
* Personal Loans (Secure and Unsecured)
* Business Loans (Secure and Unsecured)
* Combination Loan (Secure and unsecured)
* Consolidation Loan (Secure and unsecured)
* Mortgage Loans (Secure and unsecured)

Interested candidates should please contact us today for your online quick and easy loan without collateral deposits. Email: thomascreditfirm@gmail.com

Sincerely,
Thomas Dawson (Posted: Jul 9, 2015)
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Rupeetimes guide to different types of...
CIBIL and its role in credit risk management
Gift Cards - perfect gifts for all occasions!
A chronicle of excesses by loan recovery...
ICICIs latest phishing warning email


35659479233
35659479233
I have not received my November month statement , why ?
Radhey@09646870399 @Escoℛts In#Chandigarh...
Radhey@09646870399 @Escoℛt In#Chandigarh...
Radhey@09646870399 @Call#Giℛls In#Chandigarh...

NEWS THIS WEEK
91st Founders day of the Karnataka Bank Feb 18, 2015
Banks on strike from 25th February Feb 16, 2015
SBT bank postponed the Open House meet Feb 13, 2015
Yes bank planning to line up for credit card portfolio Feb 12, 2015
Pocket banking – new app by ICICI bank Feb 11, 2015
News Archive