Roswell, GA -- (SBWIRE) -- 01/29/2016 -- With the rapid advancements in technology and the increasing ease to purchase products online, fraudulent transactions have drastically risen in the past years. In fact, last year alone there was an increase of 30% in retail fraud attempts. With identity theft on the rise, it is necessary that both merchants and consumers always stay alert.
Change credit card
If there has ever been an information breach with any of the credit or debit cards that a person has, it is very important to change them immediately. Many people give no importance to this kind of issues and end up keeping old cards once the financial institution has solved the breach problem. Nevertheless, this doesn't assure a card won`t be breached again. It is better to change it immediately.
When getting a new debit or credit card, it is always best to get one with a chip to help prevent future fraudulent operations and information theft. Merchants that accept EMV chip-equipped credit cards have managed to drastically reduce the amount of fraudulent transactions.
Using a smartphone
While it`s true that technology has made online theft easier for hackers, it has also provided new ways for cardholders to protect their information and their money. Most financial institutions will provide their users with mobile applications to track their card`s activity. With them, a cardholder will be notified whenever a card is being used. Moreover, cardholders can see current balance right from the mobile app as well. These applications allow to make safe online transactions with other merchants. An interesting feature, which was added not so long ago, allows users to restrict their card`s usage to a certain geographic area. This way a cardholder can make sure no one outside the boundaries that were established will be able to make fraudulent transactions with that credit card. Using all these benefits that financial institutions provide will help to protect users from fraudulent activities.
Regardless of the situation,it is always best to be careful when purchasing or selling products online. Never share credit card number or passwords.
To learn more about Netcom PaySystem payment processing solutions, simply fill out this quick online application to get started and a representative will be in contact within 24-48 hours or for faster service please feel free to contact us at 800-875-6680.
About Netcom PaySystem
Netcom PaySystem prides itself on being eager to practice good, old-fashioned customer care as it is to pioneer new products. Netcom PaySystem is proud to provide the most up to date and innovative products such as m-Commerce Mobile Solutions, and Virtual Terminal solutions. In addition, the company offers the merchant access to POS Systems, ACH Check Services, Check Guarantee, Recurring Billing, Check21, BOC, Credit and Debit Card Processing, Gift and Loyalty Cards, and Merchant Working Capital. Netcom PaySystem's attrition rate is one of the lowest, if not the lowest in the industry. Netcom PaySystem can proudly boast that that only two to four percent of its clients ever leave the company, and out of that; close to 50 percent return within the first year.
For more information, please visit http://netcompaysystem.com.
Company Name: Netcom PaySystem
Contact Person: Media Relations
Country: United States