Re: Credit and Debit Card Security

On Wed, 28 Nov 2007 06:23:00 -0800 (PST), whitely525@xxxxxxxxxxx
wrote:

On 28 Nov, 13:42, "Tom Bradbury" <tom.bradb...@xxxxxxxxx> wrote:
Wouldn't it be a brilliant idea if all credit and debit card issuers in the
UK, gave their customers the opportunity to switch OFF the ability for using
their credit card abroad, as default, and only allow it to be used abroad if
the customer rings up or does something via the online banking portal to
inform them it is going to be used abroad and allow it to be unblocked for
only specific periods of time (i.e., one day/week/month/etc).

In my time, I've had two credit cards cloned, and both times cloned by
somebody using it for overseas transactions, one in the USA, and the other
in Latvia. It's not to say that nobody in the UK doesn't do it, but it
helps to reduce the risk.

It would be too complicated to administer. Already it is a real pain

No it wouldn't.

They can set up watches for "unusual activity" and should be able to
do this on request so that additional security requests can be made.

It would be really useful to be able to say to the bank that you don't
want your CC used abroad unless you specifically request it.
Having to tell the bank when you're going on your jolies is a minor
PITA compared to having your CC used abroad fraudulently.


when a card is not accepted in some places abroad and you cannot find
out why. Not as bad as having your card clone, for sure, but still a
pain.

Banks do not care about losses unless they reach a certain value (and
if the customer can be made to pay then no reason to worry). It is
not longer a police matter, even though it may well be linked to other
crime. Banks already have systems to detect unusual spending
patterns, but if you are abroad frequently then this may not help
(unless the card is used in 2 different countries at the same
time..). I expect a cloned card can be relatively easily detected.




















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http://www.freedeliveryuk.co.uk
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Relevant Pages

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