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In closing, the Fed urges consumers to be aware that their own education and interaction with their financial institutions can greatly work to minimize fraud. Consumers can make concerted efforts on their own and along with their banks to lower the chance of suffering from payments fraud by the selection of the methods of payments they use or by protecting their personal information.
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Tel: (800) 554 3339 Internet: www.liffeyvan.com (Irish Voice)
With debit card transactions, consumers have the choice to authorize payments using either their signature or by entering a PIN. The discovery of recent well-publicized PIN-debit fraud schemes have challenged earlier thought that PIN debit was the more secure method, since it involves authentication.
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