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.
In May next year, the General Data Protection Regulation (GDPR) will replace the current Personal Data Act. GDPR affects all businesses that deal with personal data, and has been one of this year’s hottest topics in the IT world. Breaking the regulation can result in incredibly high fees of up to four percent of the company’s overall turnover.
The number of contactless terminals has expanded rapidly since the start of the year – from ca. 7% to 14% in just a few months. With increased numbers of contactless cards and terminals around the world, you may wonder how the payment works, and how secure it really is.
Entercard is constantly working to improve security, also during vacation. We use the industry’s most advanced security system that monitors card transactions and sends an alert if there is suspicion of fraud. This is particularly useful in the summer months, when many of our customers use their cards more frequently and in different places than usual.