Charge it! Bart from the Simpsons knows how! ©FOX
In today’s ever growing and more connected world the risk of credit card fraud grows with it. Buying goods online has always had a degree of risk involved. After all when you press that submit button on a web form who knows if that information is being intercepted by a unscrupulous 3rd party of course using your credit card at a casino to purchase credits isn’t any different.
You, your card and the casino.
Credit card purchases at an internet based casino, like banks, have some of the best technology to prevent interception by 3rd party’s. They do this by using what is known as 128-bit encryption technology, and is some of the most advanced technology available on the net today.
What this all entails is that when you click on that buy button in the banking section of the casino; the details of the transaction being transmitted (your credit card number, CVC number, name, surname, etc) are all encoded and then sent to the banking processor. The processor on the receiving end of the transaction is the only piece of the software that can decode the incoming transaction sent by you.
The best way to look at it is to think of the encoding » decoding process as one big digital enigma machine. But a lot more sophisticated and a lot more robust to decryption.
Minimizing the Risk
What this all means is that your banking transaction is very secure and more significantly inherently very safe.
But as with all things in life you as a card holder have a responsibility to protect yourself from credit card fraud, and you can do so by so be following these tips to minimize the likelihood of you becoming another fraud statistic.
Do the Following:
- As soon as your card arrives sign the back of it to validate that the card belongs to you.
- Expiration dates, account numbers as well as your providers phone numbers and address should be recorded. This is in the event that you lose your card that you can contact your provider as quickly as possible to cancel your card.
- When using your Card at a POS (point of sale) keep a close eye on what the person who is handling your card is doing.
- Cancel erroneous receipts.
- Keep your receipts for comparison with your monthly statements, this is to double check that your card isn’t being used for unauthorized transactions.
- If possible get a chip’n’pin type credit card. The added security of having a card that requires you to input a Pin lessens the likelihood of Fraud.
- When deposing of your card, be sure to follow our how to guide Kill your credit card – 8 ways to destroy your credit card
Do Not do the Following:
- Give out your card details to anyone. We repeat ANYONE.
- Receipts and the card itself should always be in a secure place, not just idly lying about.
- Do not give out your details over the phone. EVER.
- Read our 4 Tips to securing your Online Purchases