Whereever the cards are to be handed over to a third person (restaurants or any such places) - for such establishments the credit card companies should insist on a wireless swipe machine which can be used on the customers table.
Use a simple solution...remember the CVV number and add a sticker on it in the card so that one cannot see it ....Its only for your use why let others see it
Do you think it is practicable & at the same time it will be good look at that a person accompanyin the Resturant waiter to the counter where one has to wait till his turn comes for swiping the card. Some practical suggestion pl.
Never forget to take the customer copy of the payment and ensure the amount is correct on the merchant copy. Keep ur slips intact until you make the payment for that transiction. If you notice any fraudalant transaction, ask bank for the merchant copy of that particular transaction. Do keep the credit card nos., bank's customer care nos., handy with you so that you can report loss of card immediately in case you happen to loose one.
This is going on everywhere but the right solution is not throwing it are not banning it to use it again it depends on each particular person. This can be stopped like this that they should be sent a message twice stating that there is a transaction done from his account and tell him that if it done from his end reply to the toll free number (xxxxxx) as yes or no. As per my knowledge a maximum of knowledgeable persons are using it and they can respond it stating that yes, no or something else. Through which you will be satisfied that yes it is done by a authorized person holding that card. By: Hamid ali
Credit Card companies should ask for signature verification. For online transaction, it is the card holder who has to be careful and the card company should ask confirmation of the transaction.
RE:Credit Card Companies
by Ajay Pai on Feb 20, 2007 12:23 AM Permalink
Many stores in US do ask for Picture ID with the name and signature matching. The same can be followed here.
I withdrew Rs.5000/- and Rs.400/- and Rs.1000/- and Rs.500/- two times in one month because I did not receive my HDFC debit card which was hotlisted..
So total transaction fee is Rs.1500/-
Beware if you withdraw Rs.100/- You will be charged approx. Rs.330/- and then there is late fee 30% of minimum amount outstanding and it will accumulate..to around 2000/-
So don%u2019t take the hedache of Credit Cards
If you want to withdra Csh advance withdrw Rs.6000/- then it will be charged the same amount.. Cut copy paste these links or checkout home bank site or have a search in the net
The credit cards are safe in the net I suppose but can be very easily misused..
The solution is to have interbank autodebit and also reduce interest rates..
Also use debit cards for purchase in the internet..
What do you say RBI Governor and President of India..
Mkae your payments quickly taht is credit then why do you call it credit waht is advantage of credit??
Can the ICICI and other credit caRD PEOPLE UPLOAD ADVANTAGES OF CREDIT CARD ON THE SITE You should have a mobile if you have credit card..Also if it si swiped you have to sigh the acknowlwedgement.. The solutions are reading fingerprint of the holder and interface it on the magnetic tape and advanced version is to pick up human signals from the body to identify the person.. Just update your contact and mobile no.s and be acreful with your ATM.. The PIN no. should not be disclosed to anybody.. Regards
I think the concerned bank must call the customer whenever any online payment made to enable the customer to know the transaction whether it is really made by them irrespect of the transaction. If the bankers fail to do the cardholder can fight for the fraud transaction took place without his knowledge.
RE:credit card fraud
by Vilas Magar on Jan 31, 2007 03:02 PM Permalink
yes i think this is the best way to prevent the fraud that bank should confirm every credit card transaction with customer before doing it.
1.when ever any call centre approch you for credit card do not entertain them.
2.If they ask you to submit the xerox copy of your existing credit card don`t give , never this is the loo pole from their the maximum chance of manuplate your card number. 3.If even you need card then call authorised excutive of banks and cross verify their identycard. 4.In a summary avoid such calls
