In the past few weeks I’ve heard 3 people talk about having money stolen from their account via their cards. In fact, it was a few weeks ago that it happened to me and it’s an awful feeling, thank goodness my bank sorted it out so swiftly for me – but to be honest, which it could have just been prevented. Fraud is on the increase, everybody knows it and it’s time that something is done about it!
Well, the good news is that this is happening thanks to Visa and First National Bank, together they’ve teamed up to crease awareness, but most importantly to educate all of us about fraud protection. In an effort to do so, Visa FNB Card Security Week has been launched and will take place between the 13th and 16th of March – it’s all about card and transaction safety, whilst we enjoy the joys of swiping and transacting – imagine we didn’t have those? We take it for granted!
Take a watch:
Did you know: ATM fraud, identity theft and point of sale fraud were identified as the most common types of fraud consumers are aware of.
Perhaps you’ve seen the Verified by Visa security system in place, the system that allows you to buy things online with a personal password to confirm your identity? I’ve seen it when paying my DSTV account and it’s great to know that my details are safe! On the same note, earlier this year I was issued a new chip-based card for security reasons and statistics from FNB state (As of DEC, 2010. As reported by member financial institutions globally and therefore may be subject to change.) that fraud rates within the Visa system are the lowest they have ever been – just over three cents for every $100 that is spent.. that’s pretty darn good if you ask me.
To quote the online fraud team, “prevention and vigilance is key to the continued safety, reliability and convenience of electronic payments, and Visa’s annual campaign with FNB helps provide customers with information to help them become more fraud savvy.”
It’s articles like this that make me proud to be an FNB and Visa customer!