Many people pay by credit card during their vacation. Entercard’s experts on fraud has gathered their best advice. Credit card is a safe payment method, but in order avoid any problems we recommend being more observant in certain situations.
Use of real-time payments is one of the most dangerous trends in fraud, including so-called authorized push payment fraud. Criminals trick consumers into authorizing a payment of a fake invoice or unwittingly sending an SMS that triggers a payment.
Criminals utilize new technology and new schemes to commit payment fraud. Therefore, banks and card issuers must be even more sophisticated and use the latest analytic innovations to fight fraud.
Payment fraud is a pressing issue as criminals increase their level of sophistication and use of technology. New security solutions expose more than 8 out of 10 attempts, even before the fraud comes to the customer’s attention.
Scandinavian finance leader wins FICO® Decisions Award for Fraud Control using the FICO® Falcon® Platform Cloud Edition.
A credit card is a good companion on trips abroad or when you go shopping at your local store or on the net. It is safer and more flexible than carrying around large amount of cash. At the same time many credit cards can be customized for your specific lifestyle.