given the rise in credit card frauds and how simple it is, banks should come up with more stringent methods of stopping cc frauds. 1. No cvv on back of card, should be intmted to use separately. 2. only card no should be of no use unless accompanied by some other information which only user knows. 3. when amount exceeds 50% of approved limit, confirmation by sms or email mandatory. 4. we pay for every transaction on Credit cards, restaurants etc. should have wireless swipes so that user can see it is not misused. 5. for claiming no. one spot, credit card cos. should not go on distributing credit cards to everyone they can find.. 6. stringetn verification should bein place before issue of credit cards 7. about time, magnetic stips are away, credit cards should be smart cards where it can contain more info about actual user. 8. Photo on card mandatory if user and photo notsame, restaurants can swipe the card while pressing some speical key, so as to inform the co.that this may be a fraud so that the bank can take preventive measures. the user can hten be asked to pay cash by the restaurant saying card not working etc. 9. after swiping the card, user can press some 6 digit key in the swipe machine to authenticate the transaction. 10. credit cards to be smartcard with the right hand corner a thumb reader and works only if authorised user keeps his thumb on the card and swipes it. etc..
