Many consumers are worried about the security of their payment data, especially in light of recent security breaches in large retailers and credit bureaus. With their customers’ safety in mind, American Express has announced SafeKey 2.0, the new incarnation of its popular and effective online authentication tool, which was built specifically for the mobile commerce space.
Coming in spring 2018, SafeKey 2.0 will offer an upgraded platform that will be able to help identify potential fraud...
If anyone calls you and tells you that you owe back taxes and can pay them with an iTunes gift card, beware: this is just the latest scam cooked up by thieves to part you with your money.
The AARP Fraud Watch Network is providing consumers with tips to help them guard themselves and their bank accounts from criminal mischief, in light of this most recent gift card ruse.
“Consumers need to be aware of new and ongoing frauds and scams that threaten their financial resilience,” said...
Credit card security has been at the forefront of folks’ minds lately, with the switchover to chip cards from traditional magnetic stripe cards. Credit card banks and issuers are doing their best to make sure folks are fully protected from fraudulent charges and credit card fraud. And now Visa is introducing a new service that lets cardholders monitor and control their accounts, putting them in the charge when it comes to credit card security.
Visa Consumer Transaction Controls gives folks...
While many Americans are struggling to survive during an economically trying time, many consumers may be surprised to learn what they fear most. Beyond the concerns of war, acts of terrorism, and health crisis on the rise, it a legitimate fear of credit card fraud. Research conducted in early 2009 indicates that as many as 68% of the 1,000 respondents surveyed have a greater fear of being the victim of credit card fraud and having someone access their credit or financial information than of any...
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