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Globally credit card fraud fees card issuers billions of dollars a year in fraudulent use of their cards. Some of this loss is passed back to retailers who failed to comply with the standard processing approach for the card. Yet another portion of the loss is insured. Nonetheless, as a cardholder you are possibly liable for any fraudulent use of your credit card. It is, for that reason, imperative that you make yourself conscious of what the existing fraud scams are and how you can help to in the battle of credit card fraud prevention.

To this finish, the following are some fraud prevention methods you can adopt:


 * when utilizing your card, by no means card out of your sight


 * if you use the card in an old carbon-copy paper machine, hold the carbon-copy and destroy it later


 * never ever use your credit card on an unsecured website


 * never ever use your credit card to withdraw money in an ATM

Aside from the above, ensuring that you use specific technological advances with your credit card should also aid in any credit card fraud prevention. In this regard, the following are presently well-known with card issuers:


 * identification images: exactly where your image is shown on the front of the card


 * fingerprinting: exactly where a facsimile of your fingerprint is shown on the reverse of your card


 * chip and Pin systems: where the card has an encrypted chip containing facts about the card and a PIN that guarantees the card is a genuine problem. Primarily the chip contains the same information that utilized to be contained in the magnetic strip on the reverse of the card, but in chip format it is believed to be harder to copy.

Even though each of these systems is no foolproof credit card fraud prevention method, with credit card fraud costing far more and a lot more each and every year, you can bet that issuers are going to be tackling this issue head-on: so remain conscious of the most current credit card fraud preventions approaches and help combat this increasing difficulty. how to report medical fraud