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Keeping your Information Safe

Credit cards aren’t going out of style anytime soon, which means every individual who uses a credit card needs to be up to snuff on the latest security practices. This includes secure online shopping, continuous monitoring, and notifying financial institutions when there is a possibility of credit card fraud.
 
When shopping online, make sure to follow a few simple rules. Only go to websites you trust. If you’re not sure about a website, check with the Better Business Bureau. You should also avoid clicking on email links – these links could take you to a fake website that has been created for the purpose of stealing your information. Make sure to download the most recent and reputable anti-virus and anti-spyware software to your computer as well. Once you have purchased an item online, print the online credit card receipt and compare it to your billing statement.
 
When shopping at a store, FORUM members have added security with our credit cards. FORUM credit cards are equipped with EMV (also known as a chip card). A chip-enhanced card contains an embedded microchip that holds encrypted information, making it extremely difficult for the card to be copied or counterfeited. FORUM's debit card will also feature chip technology soon. You can also safely make mobile payments with your FORUM card via Apple Pay™, Android Pay™, and Samsung Pay™. Your card details are more secure than traditional payment methods because the full card account number is not stored or passed to merchants. A “token” is used in place of the full card account number. Android and Samsung Pay are coming soon as well.
 
Beyond safe shopping, it is essential that you continuously monitor your statements and keep your receipts. You can also rest assured that FORUM members receive the added perk of free MasterCard® Identity Theft Alerts. ID Theft Alerts scours the Internet and alerts you if it detects that your personal information – credit or debit card, Social Security Number, driver’s license or other sensitive data – is being bought or sold online.
 
If you have a lost or stolen card, call your card issuer immediately. Most companies have a 24-hour service and toll free number to handle these kinds of issues. If you suspect that you are a victim of credit card fraud, notify your financial institution right away. You should also contact one of the nationwide credit reporting agencies and put a fraud alert on your credit report (Equifax, Experian, TransUnion). This will minimize your future risk.


Posted: 6/16/2016 with 0 comments

Categories: Identity Theft, Security



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