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Credit Card Processing And The Pitfalls
By Frank Owen, Sat Dec 10th
Disadvantages of Credit Card ProcessingThe benefits of credit card processing online usually outweighthe disadvantages. Unfortunately there are some pitfallsinvolved with credit card Read more...

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Changes To The Way Credit Card Fraud Is Reported Could Reduce Bureaucracy
By Andrew

The recent scandal over the details of TK Maxx customers being stolen in epic proportions has once again revived the age-old financial question - just how safe is your credit card? The advent of Chip and Pin in the UK in 2006 caused waves of warning last year when credit consumers feared for the safety of their pin numbers. However, a recent change in the system for reporting credit card, cheque and online banking fraud may help increase consumer confidence when it comes to your privacy.

APACS, the UK trade association for payments and those institutions that deliver payment, reports that from Sunday, April 1 2007, consumers in England, Wales and Northern Ireland would have to change the way they report instances of fraud. The previous method allowed victims of fraud to report to both their bank or building society and to the police. However, the new rules place banks and financial institutions as the first point of contact for victims reporting these frauds, and now eliminate the need to inform the police as well.

These changes to the way that card, cheque and online banking fraud are being reported follows on from the introduction of the Fraud Act in 2006, and are the product of discussions between the Home Office, Association of Chief Police Officers (ACPO) and the financial sector. These new procedures aim to reduce the level

 

 


 

   
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Can I Get Bad Credit And Unsecured Credit Cards?
By Bueford
Regardless if you have good credit or bad credit or even if you are rich or poor, there is a credit card on the marketplace for you. If you have bad credit then Read more...
Additional Resources
Credit Card Processing And The Pitfalls
By Frank Owen, Sat Dec 10th
Disadvantages of Credit Card ProcessingThe benefits of credit card processing online usually outweighthe disadvantages. Unfortunately there are some pitfallsinvolved with credit card Read more...

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