How to Maintain Credit Card Terminals
By Jeremy Maddock
Buying credit card processing terminals for a retail business can be a substantial investment, costing several thousand dollars or more in many cases. When you invest this much money in this rather essential equipment, it is quite natural to want to properly maintain the equipment and extend its useful life for as long as possible.
One of the best ways to prevent your credit card terminals from breaking down prematurely is to clean them periodically.
The presence of dust, crumbs, and paper lint can cause built-in printers and stripe readers to become clogged making card reading devices difficult or impossible to use properly. A simple $2 investment in a can of compressed air, however, can help you quickly and easily clean your terminals, helping them last for up to five years without missing a beat.
When you buy new equipment of any kind for your business it is essential that you stay in the habit of maintaining it, and remind your employees to do the same.
Another, perhaps less obvious way to ensure the longevity of your card reading equipment is to buy a terminals that use integrated flash memory to store the software that runs them. Flash memory makes it easy to download and install system updates, preventing software advances and security vulnerabilities from rendering your devices obsolete.
About the Author:
Jeremy Maddock is a successful web-based freelancer, who writes articles about business financial products and other corporate products.
Article Source: http://EzineArticles.com/?expert=Jeremy_Maddock
http://EzineArticles.com/?How-to-Maintain-Credit-Card-Terminals&id=297856
Buying credit card processing terminals for a retail business can be a substantial investment, costing several thousand dollars or more in many cases. When you invest this much money in this rather essential equipment, it is quite natural to want to properly maintain the equipment and extend its useful life for as long as possible.
Monday, May 14, 2007
Saturday, May 12, 2007
Accept Credit Cards
Accept Credit Cards Online
By Dominic Ferrara
If you have a business online, you are going to have to have a way to accept credit cards online. There is no way around it. You can’t run an online business by taking checks or money orders if you want to make money. If people have to take the time to send either of those in, they are going to get frustrated with the wait. You have to have a way to get a payment instantly so that you can get your product or service up and out the door as soon as they order it.
You will find that every successful website on the Internet knows how to accept credit cards online. They know that everyone is looking for fast service when they are shopping via the Internet, and that is what they give them. If you don’t accept credit cards online you should see about having that option available as soon as you can. If you don’t, you shouldn’t expect to make a go of it, and you are going to find that it is more hassle than it’s worth.
There are a few different ways to accept credit cards online, but it doesn’t matter which you choose as long as you choose one of them. You can have a system that takes the card numbers much like they do in retail stores, or you can use Paypal to accept credit cards online. Paypal is not as common as the first method, but it is gaining in popularity. Though some are leery of Paypal, I honestly think if you are going to use a credit card this is the way to go. A person can use their credit card in their own account with Paypal and it makes check out faster and easier, and some feel, more secure.
Make sure you provide your visitors with a secure setting if you want to accept credit cards online. This means that the transaction is encrypted so that their information is not broadcast around the Internet for those who may take those numbers for their own use. You can see an https:// beginning to any web address that has a secure setting. If you want to accept credit cards online you have to have this or your customers will most definitely think twice before they put their information in for an order. They want to be safe, so you have to make sure you do everything you can to keep them feeling secure and at ease about ordering through your site.
For more information on how to find the Best Business Online try visiting Small Business Start located at http://Small-Business-Start.com where you will find valuable information on internet marketing, making money and other information..
Article Source: http://EzineArticles.com/?expert=Dominic_Ferrara
http://EzineArticles.com/?Accept-Credit-Cards-Online&id=420872
By Dominic Ferrara
If you have a business online, you are going to have to have a way to accept credit cards online. There is no way around it. You can’t run an online business by taking checks or money orders if you want to make money. If people have to take the time to send either of those in, they are going to get frustrated with the wait. You have to have a way to get a payment instantly so that you can get your product or service up and out the door as soon as they order it.
You will find that every successful website on the Internet knows how to accept credit cards online. They know that everyone is looking for fast service when they are shopping via the Internet, and that is what they give them. If you don’t accept credit cards online you should see about having that option available as soon as you can. If you don’t, you shouldn’t expect to make a go of it, and you are going to find that it is more hassle than it’s worth.
There are a few different ways to accept credit cards online, but it doesn’t matter which you choose as long as you choose one of them. You can have a system that takes the card numbers much like they do in retail stores, or you can use Paypal to accept credit cards online. Paypal is not as common as the first method, but it is gaining in popularity. Though some are leery of Paypal, I honestly think if you are going to use a credit card this is the way to go. A person can use their credit card in their own account with Paypal and it makes check out faster and easier, and some feel, more secure.
Make sure you provide your visitors with a secure setting if you want to accept credit cards online. This means that the transaction is encrypted so that their information is not broadcast around the Internet for those who may take those numbers for their own use. You can see an https:// beginning to any web address that has a secure setting. If you want to accept credit cards online you have to have this or your customers will most definitely think twice before they put their information in for an order. They want to be safe, so you have to make sure you do everything you can to keep them feeling secure and at ease about ordering through your site.
For more information on how to find the Best Business Online try visiting Small Business Start located at http://Small-Business-Start.com where you will find valuable information on internet marketing, making money and other information..
Article Source: http://EzineArticles.com/?expert=Dominic_Ferrara
http://EzineArticles.com/?Accept-Credit-Cards-Online&id=420872
Friday, May 11, 2007
Accept Credit Cards
How To Protect Yourself From Pre-Approved Credit Card Offer?
By Cornie Herring
Have you received before a pre-approved credit card offer that sent to you through your email address? If you are not, then you are the lucky one. Most of people who have access to email are receiving dozens of "good offer" from credit card companies. Low-internet rate and higher credit limit are among the good deals in the offers and the best part is: it has been pre-approved to you. Sound good? Well, before you go ahead and accept one. Ask yourself whether you really need it or not. According to the credit card site CardWeb.com, average American household are holding a $10,000 credit card debt. Don't let you be one of the statistics.
The best way to keep credit card debt down is not to use a credit card. But if you do receive a pre-approved card that intrigues you, at least know what you are getting into before signing on the bottom line:
What interest are you paying? Make sure you understand the interest rate you will be paying for. There are two types of interest rates, fixed-rate annual percentage rate (APR) and variable rates that swing according to the market rate. A better option would be APR because credit card companies have to notify you before raising rates.
The low interest rate being offered is usually only an "introductory rate" which means the rate can - and probably will - increase significantly at the end of the introductory period. This means that balances transferred from higher interest rate credit cards to the new, low introductory rate card could, over the long run, actually cost you more in interest payments. So, be aware of the terms and conditions before you sign to accept the card.
Know that a credit card may carry more than one rate. You may not aware that most of credit cards carry more than one rate. The balance transfer and cash advance normally have higher interest rate. Interest rate shows in the offer normally is the interest rate of your purchases with credit card. Hence, at the end you probably pay higher interest rate if you have balance transfer or withdraw any cash advance with your credit card.
Credit card companies may raise the interest rate if you have late payment. Some credit card companies will immediately raise your interest rate from introductory teaser rate to the regular rate if you are late just one time.
Don't accept the new credit card offer if fee involved. If there is fee involved with your new credit card, don't accept the offer. Why pay a fee for a credit card when, with good credit, you don't have to? If you have good credit, there are many other better offers which you can choose from.
Many of these cards are just preliminarily approved. This means that when you actually apply, the credit card company will reviewing your credit report in full as well as verifying information provided on your application. Terms and conditions may change according to your qualification, such as higher interest rate or smaller credit line. And if your application is rejected, it could cause at least minimal damage to your credit report.
So, in order to protect yourself, you need to carefully read all of the fine print in the offer and, if you don't fully understand and like everything you read, throw the credit card offer away. Even if you fully agree with the stated terms and conditions, do some calculations to be sure that the lower introductory rate, especially in the case of balance transfers, will actually save you money over the long run.
Cornie Herring is the Author from http://www.studykiosk.com This site is an informational website on credit basics, debt consolidation and bankruptcy. Visit her "Money Matters" blog for more credit related information.
Article Source: http://EzineArticles.com/?expert=Cornie_Herring
http://EzineArticles.com/?How-To-Protect-Yourself-From-Pre-Approved-Credit-Card-Offer?&id=515973
Chances are you have received one of those pre-approved, low-interest rate credit card offers. Sounds like a good deal, right? Well, before you go ahead and accept one, at least know what you are getting into before signing on the bottom line of application form. Learn how to protect yourself from these pre-approved credit card offers.
By Cornie Herring
Have you received before a pre-approved credit card offer that sent to you through your email address? If you are not, then you are the lucky one. Most of people who have access to email are receiving dozens of "good offer" from credit card companies. Low-internet rate and higher credit limit are among the good deals in the offers and the best part is: it has been pre-approved to you. Sound good? Well, before you go ahead and accept one. Ask yourself whether you really need it or not. According to the credit card site CardWeb.com, average American household are holding a $10,000 credit card debt. Don't let you be one of the statistics.
The best way to keep credit card debt down is not to use a credit card. But if you do receive a pre-approved card that intrigues you, at least know what you are getting into before signing on the bottom line:
What interest are you paying? Make sure you understand the interest rate you will be paying for. There are two types of interest rates, fixed-rate annual percentage rate (APR) and variable rates that swing according to the market rate. A better option would be APR because credit card companies have to notify you before raising rates.
The low interest rate being offered is usually only an "introductory rate" which means the rate can - and probably will - increase significantly at the end of the introductory period. This means that balances transferred from higher interest rate credit cards to the new, low introductory rate card could, over the long run, actually cost you more in interest payments. So, be aware of the terms and conditions before you sign to accept the card.
Know that a credit card may carry more than one rate. You may not aware that most of credit cards carry more than one rate. The balance transfer and cash advance normally have higher interest rate. Interest rate shows in the offer normally is the interest rate of your purchases with credit card. Hence, at the end you probably pay higher interest rate if you have balance transfer or withdraw any cash advance with your credit card.
Credit card companies may raise the interest rate if you have late payment. Some credit card companies will immediately raise your interest rate from introductory teaser rate to the regular rate if you are late just one time.
Don't accept the new credit card offer if fee involved. If there is fee involved with your new credit card, don't accept the offer. Why pay a fee for a credit card when, with good credit, you don't have to? If you have good credit, there are many other better offers which you can choose from.
Many of these cards are just preliminarily approved. This means that when you actually apply, the credit card company will reviewing your credit report in full as well as verifying information provided on your application. Terms and conditions may change according to your qualification, such as higher interest rate or smaller credit line. And if your application is rejected, it could cause at least minimal damage to your credit report.
So, in order to protect yourself, you need to carefully read all of the fine print in the offer and, if you don't fully understand and like everything you read, throw the credit card offer away. Even if you fully agree with the stated terms and conditions, do some calculations to be sure that the lower introductory rate, especially in the case of balance transfers, will actually save you money over the long run.
Cornie Herring is the Author from http://www.studykiosk.com This site is an informational website on credit basics, debt consolidation and bankruptcy. Visit her "Money Matters" blog for more credit related information.
Article Source: http://EzineArticles.com/?expert=Cornie_Herring
http://EzineArticles.com/?How-To-Protect-Yourself-From-Pre-Approved-Credit-Card-Offer?&id=515973
Chances are you have received one of those pre-approved, low-interest rate credit card offers. Sounds like a good deal, right? Well, before you go ahead and accept one, at least know what you are getting into before signing on the bottom line of application form. Learn how to protect yourself from these pre-approved credit card offers.
Thursday, May 10, 2007
Accept Credit Cards
Accept Credit Cards Online
By Dominic Ferrara
If you have a business online, you are going to have to have a way to accept credit cards online. There is no way around it. You can’t run an online business by taking checks or money orders if you want to make money. If people have to take the time to send either of those in, they are going to get frustrated with the wait. You have to have a way to get a payment instantly so that you can get your product or service up and out the door as soon as they order it.
You will find that every successful website on the Internet knows how to accept credit cards online. They know that everyone is looking for fast service when they are shopping via the Internet, and that is what they give them. If you don’t accept credit cards online you should see about having that option available as soon as you can. If you don’t, you shouldn’t expect to make a go of it, and you are going to find that it is more hassle than it’s worth.
There are a few different ways to accept credit cards online, but it doesn’t matter which you choose as long as you choose one of them. You can have a system that takes the card numbers much like they do in retail stores, or you can use Paypal to accept credit cards online. Paypal is not as common as the first method, but it is gaining in popularity. Though some are leery of Paypal, I honestly think if you are going to use a credit card this is the way to go. A person can use their credit card in their own account with Paypal and it makes check out faster and easier, and some feel, more secure.
Make sure you provide your visitors with a secure setting if you want to accept credit cards online. This means that the transaction is encrypted so that their information is not broadcast around the Internet for those who may take those numbers for their own use. You can see an https:// beginning to any web address that has a secure setting. If you want to accept credit cards online you have to have this or your customers will most definitely think twice before they put their information in for an order. They want to be safe, so you have to make sure you do everything you can to keep them feeling secure and at ease about ordering through your site.
For more information on how to find the Best Business Online try visiting Small Business Start located at http://Small-Business-Start.com where you will find valuable information on internet marketing, making money and other information..
Article Source: http://EzineArticles.com/?expert=Dominic_Ferrara
http://EzineArticles.com/?Accept-Credit-Cards-Online&id=420872
By Dominic Ferrara
If you have a business online, you are going to have to have a way to accept credit cards online. There is no way around it. You can’t run an online business by taking checks or money orders if you want to make money. If people have to take the time to send either of those in, they are going to get frustrated with the wait. You have to have a way to get a payment instantly so that you can get your product or service up and out the door as soon as they order it.
You will find that every successful website on the Internet knows how to accept credit cards online. They know that everyone is looking for fast service when they are shopping via the Internet, and that is what they give them. If you don’t accept credit cards online you should see about having that option available as soon as you can. If you don’t, you shouldn’t expect to make a go of it, and you are going to find that it is more hassle than it’s worth.
There are a few different ways to accept credit cards online, but it doesn’t matter which you choose as long as you choose one of them. You can have a system that takes the card numbers much like they do in retail stores, or you can use Paypal to accept credit cards online. Paypal is not as common as the first method, but it is gaining in popularity. Though some are leery of Paypal, I honestly think if you are going to use a credit card this is the way to go. A person can use their credit card in their own account with Paypal and it makes check out faster and easier, and some feel, more secure.
Make sure you provide your visitors with a secure setting if you want to accept credit cards online. This means that the transaction is encrypted so that their information is not broadcast around the Internet for those who may take those numbers for their own use. You can see an https:// beginning to any web address that has a secure setting. If you want to accept credit cards online you have to have this or your customers will most definitely think twice before they put their information in for an order. They want to be safe, so you have to make sure you do everything you can to keep them feeling secure and at ease about ordering through your site.
For more information on how to find the Best Business Online try visiting Small Business Start located at http://Small-Business-Start.com where you will find valuable information on internet marketing, making money and other information..
Article Source: http://EzineArticles.com/?expert=Dominic_Ferrara
http://EzineArticles.com/?Accept-Credit-Cards-Online&id=420872
Wednesday, May 9, 2007
Accept Credit Cards
Accepting Credit Card by Jack Chevalier
From : hotlib.com.
Credit Cards Machines come in all shapes and styles. Credit card machines come in a variety of price ranges, offering enough choices that you can select exactly the model your business would thrive with. Credit card machines are a must for any business to succeed in today's market. Credit card machines tap into the most popular form of payment for products and services: credit cards. Since the evolution of the ATM card into a debit card, credit card machines have developed many talents. Credit card machines can run payments on a card as a check, as a debt transaction straight from a checking account, or as a credit card payment that a patron will pay at a later date as decided by the credit card company.
Credit card machines offer the security of positive payment. A credit card machine offers increased reliability, ensuring money is in an account before your clients leave with product. Money saved in bad check recovery more than makes up for the cost of credit card machines. There are many different kinds of credit card machines.
Some credit card machines tap into the credit system without a printer. These terminals make sense for mail order or phone order businesses. When a merchant does not need to issue a receipt of sale at the time of the sale, the merchant can save money by not buying a terminal-printer combo.
Credit card machines without a printer are the cheapest machines, costing between two hundred and five hundred dollars. Landscaping, locksmith, and plumbing businesses, businesses where travel and on-site payment is required without immediate access to a credit card terminal, all benefit from credit card machines lacking printers.
Credit card machines that include a printer are the most common form of credit card machine used in industry today. Printers on credit card machines can be integrated impact or thermal. A single unit dually functions to process the credit card transaction and then to print a receipt. These machines can be more expensive than those terminals without printers, but they are reasonable and effective in medium volume retail. These credit card machines range from under three hundred dollars to nine hundred dollars. Additional options can be ordered, such as a built in pin pad. These enable customers to enter their pin number for debit transactions without the merchant needing to purchase an additional machine. Some credit card machines with built in printers require ink cartridges, but some do not. While those that do not require ink cartridges may be slightly more expensive they may save time and add efficiency to sales.
Wireless credit card machines provide the same functions of general credit card machines with a few overwhelming advantages. Wireless credit card machines do not require separate wires to trip on. They do not require a separate phone line. Wireless credit card machines access credit systems faster, and provide faster turn around on sales. Wireless credit card machines are more expensive and require wireless service packages, but may be a must for high volume businesses. They are effective and reliable, consisting of the most up to date technology.
Regardless of the type of credit card machine you choose to invest in, credit card machines can aide your business. Credit card machines are a must for the twenty-first century and have advanced to be more effective for you and for your customers.
About the Author
None
From : hotlib.com.
Credit Cards Machines come in all shapes and styles. Credit card machines come in a variety of price ranges, offering enough choices that you can select exactly the model your business would thrive with. Credit card machines are a must for any business to succeed in today's market. Credit card machines tap into the most popular form of payment for products and services: credit cards. Since the evolution of the ATM card into a debit card, credit card machines have developed many talents. Credit card machines can run payments on a card as a check, as a debt transaction straight from a checking account, or as a credit card payment that a patron will pay at a later date as decided by the credit card company.
Credit card machines offer the security of positive payment. A credit card machine offers increased reliability, ensuring money is in an account before your clients leave with product. Money saved in bad check recovery more than makes up for the cost of credit card machines. There are many different kinds of credit card machines.
Some credit card machines tap into the credit system without a printer. These terminals make sense for mail order or phone order businesses. When a merchant does not need to issue a receipt of sale at the time of the sale, the merchant can save money by not buying a terminal-printer combo.
Credit card machines without a printer are the cheapest machines, costing between two hundred and five hundred dollars. Landscaping, locksmith, and plumbing businesses, businesses where travel and on-site payment is required without immediate access to a credit card terminal, all benefit from credit card machines lacking printers.
Credit card machines that include a printer are the most common form of credit card machine used in industry today. Printers on credit card machines can be integrated impact or thermal. A single unit dually functions to process the credit card transaction and then to print a receipt. These machines can be more expensive than those terminals without printers, but they are reasonable and effective in medium volume retail. These credit card machines range from under three hundred dollars to nine hundred dollars. Additional options can be ordered, such as a built in pin pad. These enable customers to enter their pin number for debit transactions without the merchant needing to purchase an additional machine. Some credit card machines with built in printers require ink cartridges, but some do not. While those that do not require ink cartridges may be slightly more expensive they may save time and add efficiency to sales.
Wireless credit card machines provide the same functions of general credit card machines with a few overwhelming advantages. Wireless credit card machines do not require separate wires to trip on. They do not require a separate phone line. Wireless credit card machines access credit systems faster, and provide faster turn around on sales. Wireless credit card machines are more expensive and require wireless service packages, but may be a must for high volume businesses. They are effective and reliable, consisting of the most up to date technology.
Regardless of the type of credit card machine you choose to invest in, credit card machines can aide your business. Credit card machines are a must for the twenty-first century and have advanced to be more effective for you and for your customers.
About the Author
None
Tuesday, May 8, 2007
Accept Credit Cards
Keeping Your Credit Card Safe And Avoiding Fraud by Tracey Morgan
Credit card companies and their customers all have to think about and face up to the possibility of fraud. Both sides have a responsibility to take steps to try and reduce the risk of becoming a victim of this type of crime.
Credit card customers are not usually liable if their account is involved in fraud, unless they have been negligent. Negligence could include for example disclosing a PIN number or keeping a PIN number with their card. Credit card companies will take note of any unusual transaction on the account and contact customers to check the spending is genuine (this will not affect your credit rating).
In order to avoid fraud it helps to be aware of the methods used by fraudsters to obtain and misuse credit cards.
What is credit card fraud?
Counterfeit fraud - this is the most common type of card fraud. The data on the magnetic strip on a credit card can be copied electronically onto another card in a process called skimming. This is most likely to happen at cashpoint machines, shops, bars, restaurants and petrol stations. The card holder will be unaware that skimming has occurred. It is hoped that skimming will be reduced now that the more secure chip and pin system has been introduced.
Loss or theft of cards - if you lose your card or it is stolen it is most likely to be used in the first few hours. Therefore it is important to report the loss immediately to the company and the police.
Interceptions in the post - new cards and cheque books can be intercepted while in the postal system. If you are expecting a card/cheque book and it is not delivered then you should inform the bank.
Theft of account details - it is recommended that any paperwork which shows account details should be shredded. This could include statements, receipts and store cards. Details obtained from rubbish bins can then be used where the cardholder is not present, for example mail order and internet transactions. The cardholder may be unaware of any problem until their statement arrives.
Identity fraud - Personal documents and other items such as utility bills can be stolen and used to take over your identity. You should therefore be careful about how you discard unwanted items. It is best to destroy personal documentation. Be warned that your credit rating can be affected if you are a victim of identity fraud. Credit reference agencies can provide a copy of you annual credit report if you are concerned about this possibility. You will then be able to see if accounts have been opened using your name.
Cashpoint fraud - cards are often stolen along with their PIN number. When using a cashpoint machine make sure that nobody can see you entering the PIN number. Put your card and cash away safely before leaving the cashpoint and keep any printed items to discard safely later. If you suspect the machine has been tampered with or the machine does not return your card, then contact the bank immediately.
Steps you can take to protect yourself from fraud
There is a lot you can do to keep your card safe and reduce the risk of fraud.
Firstly don't carry your cards in a pocket or on the top inside a bag where they can be stolen more easily.
You should never tell anyone your PIN number even if they claim to be the card issuer or police. Also never write the PIN number down and carry it with you.
When using a cash machine be aware of anyone talking to you and possibly trying to distract you as they may be watching out for your PIN number.
Keep your card company's lost and stolen contact number to hand so that you can report any loss or theft immediately. Also remember to take the telephone number with you if you travel abroad.
Do not lose sight of your card or leave it where details could be copied. For example in a restaurant the waiter should bring the terminal to the table or you should go to the till.
Always check your statement when it arrives and report any unknown transactions to the card company. If you keep your details with the company up to date then they will be able to contact you immediately if they suspect any misuse of your card.
Is it safe to use credit cards online?
Millions of people in the UK now use the internet to shop regularly online but many also wonder how secure the internet is. As long as you are careful and take some simple precautions, shopping on the internet can be safe as well as convenient.
Firstly only use websites you know you can trust because they are well known or have been recommended. Make sure you know who the seller is by asking for a telephone number and postal address but do not accept a mobile number or a post office box number. It is unusual for credit card fraud to be the result of computer hackers breaking into a system and stealing card details. As with phone and mail order fraud, internet fraud mostly happens because a credit card has been lost or stolen so the most important thing is to keep your card safe. Remember you should still sign the signature strip on the back of the card even though most now use the chip and PIN system. Never be tricked into revealing your PIN number or passwords to online accounts. It can be easy to respond to unsolicited emails, phone calls or cold callers without realising that the real reason for the call is to obtain information useful to criminals.
When you are shopping online you may well be given the chance to use a scheme involving use of a password. For example Verified by Visa (www.visaeurope.com/verified) or MasterCard SecureCode (www.mastercard.co.uk/securecode). You should accept the offer to sign up to one of these schemes. If a fraudster does not know your password they will not be able to use your card details on any internet shopping sites participating in the scheme.
You should also take care to only use secure websites for shopping. Your browser window should display a security icon at the bottom of the screen before you enter any credit card information. When you submit an order using a secure connection the beginning of the website address will change from "http" to "https".
It is vital to protect your computer and ensure it is secure. Simple steps such as using a start up password rather than an automatic login feature all help. You can disable any browser option that remembers your username and password and also file sharing software. This will mean that only you have access to your computer and the data stored on it. Make sure your computer has the latest anti-virus software and a firewall installed and set your browser to the highest level of security notification and monitoring. When you install your computer these safety options may not be the default. The most widely used browsers have websites with the latest version available to download.
When shopping online it is a good idea to print out your order and also to keep copies of terms and conditions, returns policy and so on. If there is a problem with the order you will then have all the relevant information to hand when contacting your card company. This is particularly important if you are buying from abroad as it can be more difficult to sort out any problems.
About the Author
This review was sponsored by the website www.betterborrowing.co.uk - The government and banking organisations take credit card fraud seriously and publish more advice on the website www.cardwatch.org.uk
Credit card companies and their customers all have to think about and face up to the possibility of fraud. Both sides have a responsibility to take steps to try and reduce the risk of becoming a victim of this type of crime.
Credit card customers are not usually liable if their account is involved in fraud, unless they have been negligent. Negligence could include for example disclosing a PIN number or keeping a PIN number with their card. Credit card companies will take note of any unusual transaction on the account and contact customers to check the spending is genuine (this will not affect your credit rating).
In order to avoid fraud it helps to be aware of the methods used by fraudsters to obtain and misuse credit cards.
What is credit card fraud?
Counterfeit fraud - this is the most common type of card fraud. The data on the magnetic strip on a credit card can be copied electronically onto another card in a process called skimming. This is most likely to happen at cashpoint machines, shops, bars, restaurants and petrol stations. The card holder will be unaware that skimming has occurred. It is hoped that skimming will be reduced now that the more secure chip and pin system has been introduced.
Loss or theft of cards - if you lose your card or it is stolen it is most likely to be used in the first few hours. Therefore it is important to report the loss immediately to the company and the police.
Interceptions in the post - new cards and cheque books can be intercepted while in the postal system. If you are expecting a card/cheque book and it is not delivered then you should inform the bank.
Theft of account details - it is recommended that any paperwork which shows account details should be shredded. This could include statements, receipts and store cards. Details obtained from rubbish bins can then be used where the cardholder is not present, for example mail order and internet transactions. The cardholder may be unaware of any problem until their statement arrives.
Identity fraud - Personal documents and other items such as utility bills can be stolen and used to take over your identity. You should therefore be careful about how you discard unwanted items. It is best to destroy personal documentation. Be warned that your credit rating can be affected if you are a victim of identity fraud. Credit reference agencies can provide a copy of you annual credit report if you are concerned about this possibility. You will then be able to see if accounts have been opened using your name.
Cashpoint fraud - cards are often stolen along with their PIN number. When using a cashpoint machine make sure that nobody can see you entering the PIN number. Put your card and cash away safely before leaving the cashpoint and keep any printed items to discard safely later. If you suspect the machine has been tampered with or the machine does not return your card, then contact the bank immediately.
Steps you can take to protect yourself from fraud
There is a lot you can do to keep your card safe and reduce the risk of fraud.
Firstly don't carry your cards in a pocket or on the top inside a bag where they can be stolen more easily.
You should never tell anyone your PIN number even if they claim to be the card issuer or police. Also never write the PIN number down and carry it with you.
When using a cash machine be aware of anyone talking to you and possibly trying to distract you as they may be watching out for your PIN number.
Keep your card company's lost and stolen contact number to hand so that you can report any loss or theft immediately. Also remember to take the telephone number with you if you travel abroad.
Do not lose sight of your card or leave it where details could be copied. For example in a restaurant the waiter should bring the terminal to the table or you should go to the till.
Always check your statement when it arrives and report any unknown transactions to the card company. If you keep your details with the company up to date then they will be able to contact you immediately if they suspect any misuse of your card.
Is it safe to use credit cards online?
Millions of people in the UK now use the internet to shop regularly online but many also wonder how secure the internet is. As long as you are careful and take some simple precautions, shopping on the internet can be safe as well as convenient.
Firstly only use websites you know you can trust because they are well known or have been recommended. Make sure you know who the seller is by asking for a telephone number and postal address but do not accept a mobile number or a post office box number. It is unusual for credit card fraud to be the result of computer hackers breaking into a system and stealing card details. As with phone and mail order fraud, internet fraud mostly happens because a credit card has been lost or stolen so the most important thing is to keep your card safe. Remember you should still sign the signature strip on the back of the card even though most now use the chip and PIN system. Never be tricked into revealing your PIN number or passwords to online accounts. It can be easy to respond to unsolicited emails, phone calls or cold callers without realising that the real reason for the call is to obtain information useful to criminals.
When you are shopping online you may well be given the chance to use a scheme involving use of a password. For example Verified by Visa (www.visaeurope.com/verified) or MasterCard SecureCode (www.mastercard.co.uk/securecode). You should accept the offer to sign up to one of these schemes. If a fraudster does not know your password they will not be able to use your card details on any internet shopping sites participating in the scheme.
You should also take care to only use secure websites for shopping. Your browser window should display a security icon at the bottom of the screen before you enter any credit card information. When you submit an order using a secure connection the beginning of the website address will change from "http" to "https".
It is vital to protect your computer and ensure it is secure. Simple steps such as using a start up password rather than an automatic login feature all help. You can disable any browser option that remembers your username and password and also file sharing software. This will mean that only you have access to your computer and the data stored on it. Make sure your computer has the latest anti-virus software and a firewall installed and set your browser to the highest level of security notification and monitoring. When you install your computer these safety options may not be the default. The most widely used browsers have websites with the latest version available to download.
When shopping online it is a good idea to print out your order and also to keep copies of terms and conditions, returns policy and so on. If there is a problem with the order you will then have all the relevant information to hand when contacting your card company. This is particularly important if you are buying from abroad as it can be more difficult to sort out any problems.
About the Author
This review was sponsored by the website www.betterborrowing.co.uk - The government and banking organisations take credit card fraud seriously and publish more advice on the website www.cardwatch.org.uk
Friday, May 4, 2007
Accept Credit Cards
How To Get A Credit Card One Month Out Of Bankruptcy by Hugh Harris-Evans
Bankruptcy is the black mark that stays longest on your credit record. It will be ten years before it is removed, but this does not mean that you will have to wait for ten years until you can obtain a new credit card. Offers of new credit cards are likely to appear in your mailbox within weeks after your discharge. So the advice is to take your time and not accept the first offer, but to wait until you have received several so that you can compare the terms to get the best deal.
In order to understand why credit is so readily available to people who have only recently been discharged from bankruptcy, you have to look at the way the industry works. The credit card industry is very competitive with a large number of companies all looking for new customers. Discharged bankrupts are part of the larger group of people with bad and problem credit records who form a significant sector of the market for credit cards. As a result special products have been developed for people in this category.
Although your credit report will disclose the bankruptcy for a period of ten years, its negative effect on your ability to obtain credit reduces from day one. In fact a discharged bankrupt is regarded by some companies as a better risk than he was before the bankruptcy since he will now have little or no outstanding indebtedness. Naturally this is on the assumption that such a person is now using credit in a responsible manner by making regular repayments and not borrowing right up to their limit.
The terms offered to a discharged bankrupt for a credit card will be at the bottom end of the scale. These will involve a high interest rate and extra fees including a setup fee and an annual charge. On top of this will be a deposit for the secured credit card which is your most likely option. You pay a deposit to the card company which is held as security for the balance outstanding at any one time and can be used to clear the debt if you default. Your credit limit will normally be the same as your deposit, but as long as you make regular payments you should be allowed to transfer to an unsecured credit card with an increased credit limit.
Following a bankruptcy there will be no difficulty in obtaining a credit card even if it will be expensive. The possession of a card will help in rebuilding your credit score. But to end on a note of caution, if easy credit from too many credit cards contributed to your bankruptcy, take a step back before going that way again.
About the Author
Hugh Harris-Evans writes on financial matters and is the webmaster of Credit Card Cleanup.com where you will find further articles on credit repair and tips on how to make the most of your credit cards.
To receive an intensive 5-day e-mail course on Restoring Your Credit, Click Here: Credit Repair Strategies.
Bankruptcy is the black mark that stays longest on your credit record. It will be ten years before it is removed, but this does not mean that you will have to wait for ten years until you can obtain a new credit card. Offers of new credit cards are likely to appear in your mailbox within weeks after your discharge. So the advice is to take your time and not accept the first offer, but to wait until you have received several so that you can compare the terms to get the best deal.
In order to understand why credit is so readily available to people who have only recently been discharged from bankruptcy, you have to look at the way the industry works. The credit card industry is very competitive with a large number of companies all looking for new customers. Discharged bankrupts are part of the larger group of people with bad and problem credit records who form a significant sector of the market for credit cards. As a result special products have been developed for people in this category.
Although your credit report will disclose the bankruptcy for a period of ten years, its negative effect on your ability to obtain credit reduces from day one. In fact a discharged bankrupt is regarded by some companies as a better risk than he was before the bankruptcy since he will now have little or no outstanding indebtedness. Naturally this is on the assumption that such a person is now using credit in a responsible manner by making regular repayments and not borrowing right up to their limit.
The terms offered to a discharged bankrupt for a credit card will be at the bottom end of the scale. These will involve a high interest rate and extra fees including a setup fee and an annual charge. On top of this will be a deposit for the secured credit card which is your most likely option. You pay a deposit to the card company which is held as security for the balance outstanding at any one time and can be used to clear the debt if you default. Your credit limit will normally be the same as your deposit, but as long as you make regular payments you should be allowed to transfer to an unsecured credit card with an increased credit limit.
Following a bankruptcy there will be no difficulty in obtaining a credit card even if it will be expensive. The possession of a card will help in rebuilding your credit score. But to end on a note of caution, if easy credit from too many credit cards contributed to your bankruptcy, take a step back before going that way again.
About the Author
Hugh Harris-Evans writes on financial matters and is the webmaster of Credit Card Cleanup.com where you will find further articles on credit repair and tips on how to make the most of your credit cards.
To receive an intensive 5-day e-mail course on Restoring Your Credit, Click Here: Credit Repair Strategies.
Thursday, May 3, 2007
Accept Credit Cards
The Credit Card System in Consumer Societies
By Michael Russell
The concept of credit is as old as Man himself. Since the dawn of civilization, people have borrowed money in order to purchase goods or hire services for which they were not able to pay at that moment. In return, they promised to repay their debt in the future and pay the lending agent a fee for his service. In modern day language that means that a financial institution grants a loan to its client and expects that loan to be repaid with interest within a specified period of time. Until the 1970s, those loans were made for a specific purpose, like buying or building a house (where the credit is called a mortgage) or financing the purchase of a new car. The object for the loan was then taken as a collateral to ensure that the lending institution got back its money.
The credit card industry began to develop in the late 1970s, changing completely the way banks grant credit by making it available to huge numbers of people. No collateral is required when applying for a credit card. Instead, the banks look at the trustworthiness of its clients by checking their past behavior when borrowing money, which is called their credit history. This and the amount of fixed income the client has determines the credit line, the amount of money the client can borrow from his bank on a monthly basis through the use of his credit card.
Today it is not only banks that extend credit to large numbers of qualifying individuals. Many retail institutions like department store chains offer their customers their own credit cards in order to turn them into loyal clients. Nowadays consumers can buy nearly everything from groceries to clothes or book a holiday by using what has come to be called plastic money.
In consumer societies, for example the United States or Japan, buying goods on credit and paying for them later has become the norm. In fact, the granting of credit by financial institutions to individuals through the use of credit cards has become the engine for the whole economy. Societies that operate exclusively on a cash basis tend to be more conservative and its members tend to think more carefully before spending their money. However, the lending of money generates more economic activities and therefore creates more jobs and more wealth. This has to be based on the premise that the financial institutions grant their credit wisely to responsible consumers.
Banks and financial institutions, in general, are not government agencies or charities, but are companies that are in the business of making profits for themselves. They do that through various means such as the annual fee they charge the credit card holder, even if he never uses the card, the fees the merchants have to pay to the bank for the privilege of being able to accept credit cards in their stores, thus attracting more clients and the interest they charge the credit card holder for the credit itself.
But there is a risk as well that the financial institution runs when issuing credit cards to its clients. It may lose money when people default on their account, i.e. they do not repay all the money they have spent using their card. Or the bank may lose money when its customers do not use this particular financial instrument enough so that the profits generated are not sufficient to cover the cost of the operation of the whole credit card system.
Michael Russell
Your Independent guide to Credit Cards
Article Source: http://EzineArticles.com/?expert=Michael_Russell
http://EzineArticles.com/?The-Credit-Card-System-in-Consumer-Societies&id=315790
By Michael Russell
The concept of credit is as old as Man himself. Since the dawn of civilization, people have borrowed money in order to purchase goods or hire services for which they were not able to pay at that moment. In return, they promised to repay their debt in the future and pay the lending agent a fee for his service. In modern day language that means that a financial institution grants a loan to its client and expects that loan to be repaid with interest within a specified period of time. Until the 1970s, those loans were made for a specific purpose, like buying or building a house (where the credit is called a mortgage) or financing the purchase of a new car. The object for the loan was then taken as a collateral to ensure that the lending institution got back its money.
The credit card industry began to develop in the late 1970s, changing completely the way banks grant credit by making it available to huge numbers of people. No collateral is required when applying for a credit card. Instead, the banks look at the trustworthiness of its clients by checking their past behavior when borrowing money, which is called their credit history. This and the amount of fixed income the client has determines the credit line, the amount of money the client can borrow from his bank on a monthly basis through the use of his credit card.
Today it is not only banks that extend credit to large numbers of qualifying individuals. Many retail institutions like department store chains offer their customers their own credit cards in order to turn them into loyal clients. Nowadays consumers can buy nearly everything from groceries to clothes or book a holiday by using what has come to be called plastic money.
In consumer societies, for example the United States or Japan, buying goods on credit and paying for them later has become the norm. In fact, the granting of credit by financial institutions to individuals through the use of credit cards has become the engine for the whole economy. Societies that operate exclusively on a cash basis tend to be more conservative and its members tend to think more carefully before spending their money. However, the lending of money generates more economic activities and therefore creates more jobs and more wealth. This has to be based on the premise that the financial institutions grant their credit wisely to responsible consumers.
Banks and financial institutions, in general, are not government agencies or charities, but are companies that are in the business of making profits for themselves. They do that through various means such as the annual fee they charge the credit card holder, even if he never uses the card, the fees the merchants have to pay to the bank for the privilege of being able to accept credit cards in their stores, thus attracting more clients and the interest they charge the credit card holder for the credit itself.
But there is a risk as well that the financial institution runs when issuing credit cards to its clients. It may lose money when people default on their account, i.e. they do not repay all the money they have spent using their card. Or the bank may lose money when its customers do not use this particular financial instrument enough so that the profits generated are not sufficient to cover the cost of the operation of the whole credit card system.
Michael Russell
Your Independent guide to Credit Cards
Article Source: http://EzineArticles.com/?expert=Michael_Russell
http://EzineArticles.com/?The-Credit-Card-System-in-Consumer-Societies&id=315790
Wednesday, May 2, 2007
Accept Credit Cards
Accept Credit Card Payment Online
By Dominic Ferrara
Everyone is selling on the web these days. When we ponder this concept, most of us immediately think of EBay. After all, this is pretty much where it all began. I have to give props to the fellow who started the online auction phenomenon. As of now, he's definitely sitting pretty. Since then, so many nuances have stormed cyberspace. Now you can pick and choose from a variety of online forums and auction websites that sell products. You too can get in the game and sell a few items of your own. The cool part is you don't even have to bother with checks and money orders. Why not just accept credit card payment online? Anyone can do it now. Welcome to the age of big business.
I was speaking with a custom knife vendor on the phone the other day. I wanted to purchase one of his products, but wanted more information before I actually threw down the cash. I decided to call him up and get a feel for who he was a bit. This is so much more personal than emailing. Well, needless to say, we chatted about knives for some time. Once I had decided on a piece, he asked me if I wanted to pay him with a credit card or via PayPal. Now, for those of you who aren't in the loop with PayPal, it's an EBay company that allows you to send and receive electronic payments. You can accept credit card payment online with this service. If someone wishes to buy from you, they can add a credit card to their PayPal account and quickly send you the funds. It's ideal if you buy and sell online a lot. Anyway, I was stoked that I could simply PayPal the knife vendor. This makes life easier for me. I typically don't want to use my credit card at all, but I do keep some cash in my PayPal account. Anyone can open one of these on the web.
Imagine you're selling some big ticket items on EBay. The person who wins your items will most likely hope you accept credit card payment online, or have some sort of Paypal account set up. It just makes life a heck of a lot easier now days. No one wants to bother with money orders and checks are becoming obsolete. Thank God! So check into PayPal and see how you can begin to accept credit card payment online as easy as pie. This is ideal for anyone who sells on the web.
For more information on how to find the Best Business Online try visiting Small Business Start located at http://Small-Business-Start.com where you will find valuable information on internet marketing, making money and other information..
Article Source: http://EzineArticles.com/?expert=Dominic_Ferrara
http://EzineArticles.com/?Accept-Credit-Card-Payment-Online&id=420876
By Dominic Ferrara
Everyone is selling on the web these days. When we ponder this concept, most of us immediately think of EBay. After all, this is pretty much where it all began. I have to give props to the fellow who started the online auction phenomenon. As of now, he's definitely sitting pretty. Since then, so many nuances have stormed cyberspace. Now you can pick and choose from a variety of online forums and auction websites that sell products. You too can get in the game and sell a few items of your own. The cool part is you don't even have to bother with checks and money orders. Why not just accept credit card payment online? Anyone can do it now. Welcome to the age of big business.
I was speaking with a custom knife vendor on the phone the other day. I wanted to purchase one of his products, but wanted more information before I actually threw down the cash. I decided to call him up and get a feel for who he was a bit. This is so much more personal than emailing. Well, needless to say, we chatted about knives for some time. Once I had decided on a piece, he asked me if I wanted to pay him with a credit card or via PayPal. Now, for those of you who aren't in the loop with PayPal, it's an EBay company that allows you to send and receive electronic payments. You can accept credit card payment online with this service. If someone wishes to buy from you, they can add a credit card to their PayPal account and quickly send you the funds. It's ideal if you buy and sell online a lot. Anyway, I was stoked that I could simply PayPal the knife vendor. This makes life easier for me. I typically don't want to use my credit card at all, but I do keep some cash in my PayPal account. Anyone can open one of these on the web.
Imagine you're selling some big ticket items on EBay. The person who wins your items will most likely hope you accept credit card payment online, or have some sort of Paypal account set up. It just makes life a heck of a lot easier now days. No one wants to bother with money orders and checks are becoming obsolete. Thank God! So check into PayPal and see how you can begin to accept credit card payment online as easy as pie. This is ideal for anyone who sells on the web.
For more information on how to find the Best Business Online try visiting Small Business Start located at http://Small-Business-Start.com where you will find valuable information on internet marketing, making money and other information..
Article Source: http://EzineArticles.com/?expert=Dominic_Ferrara
http://EzineArticles.com/?Accept-Credit-Card-Payment-Online&id=420876
Subscribe to:
Posts (Atom)