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The Fed explains that consumers should take similar action to prevent debit card fraud as they would with a credit card. In addition, consumers need to take steps to guard their PINs when using a debit card. First, consumers should be on guard against thieves trying to get a look at their PIN, as well as snooping by cameras, so that the debit card's PIN is not seen by others. Also, the Fed recommend that the PIN never be written on the debit card, carried with the debit card, or kept in an unprotected location.
Postilion and Central National Bank Join Forces to Deliver Prepaid ...
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Postilion and Central National Bank Join Forces to Deliver Prepaid ...
The Fed recommend that the preventative steps consumers need to take with payment methods to battle fraud should take into account both the sources of fraud and "the ease of resolution based on the payment type."
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