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March 24th, 2006 by merchant account blog

MSN Money – 22 ways to foil credit card thieves…

Filed in: Industry News |

You probably won’t end up paying the bill, but a stolen credit card can still cost you big in time and aggravation. Here’s how to protect yourself online and off.

In some ways, credit card fraud isn’t the problem it’s often made out to be.

Visa says fraud accounts for about 7 cents of every $100 spent on its credit cards, an all-time low and about half the rate of 10 years ago. Add to that the fact that the major credit card companies have “zero liability” policies, which means the vast majority of consumers who are victims don’t wind up paying a dime out of their own pockets.

This is a great article targeted at consumers about how to protect themselves from credit card fraud, and how credit card fraud effects them.

http://moneycentral.msn.com/content/Banking/creditcardsmarts/P87328.asp

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