A timely reminder to keep your card safe from fraud
The Australian Payments Clearing Association statistics have revealed that the incidences of fraud on credit and debit cards are increasing to 51.7 in every 100,000 transactions and the value of the losses increased by $94 million in 2011 compared to 2010.
bankmecu’s Credit and Banking Integrity Manager, David Catalano suggests now is a timely reminder for customers to take necessary steps to ensure they protect their credit and debit cards from card fraud”.
“Card fraud is an increasing problem for consumers., Banks and merchants. The type of fraud conducted on cards can take many forms including card skimming, scammers using spyware to obtain your credit or debit card details or scammers tricking you into telling them your credit card details and then making fraudulent purchases over the internet or the telephone.
Customers should not be complacent about card fraud, anyone could possibly find themselves as a victim of card fraud and therefore should take all necessary precautions to ensure they help mitigate the risk”, said Catalano.
These precautions include; taking the time to check that there is nothing suspicious about the point of sale machine or ATM you are about use, make sure you watch as the shop attendant swipes your card, don’t use internet cafes or libraries to conduct your internet banking and check your account and statements regularly, for any suspicious looking or transactions you don’t recognise.
bankmecu encourages all customers to trust their instincts, when it comes to card fraud. If something doesn’t seem or look right, don’t proceed with the transaction and contact your financial institution straight away.
If you believe you have been a victim of card fraud please contact bankmecu immediately on 132 888 or mail@bankmecu.com.au