Seth HoutsData Processing Manager

Debit/Credit Card Fraud

Debit/Credit Card Fraud

• How Is It Happening

• Where Is It Happening

• How To Prevent It

How Is It Happening

• Skimmers

How Is It Happening

• Dishonest Employees

Where Is It Happening

• Gas Station

• Restaurants

• ATMs

• Anywhere You Use Your Card

How To Prevent It

• EMV

– Stand For – Europay, Mastercard, Visa

– Chip and Pin based technology

– Hard to duplicate

– Supports different verification methods

How To Prevent It

• Virtual Credit Card Numbers– One Time Use Card Numbers– One Location Use Card Numbers

• Apple Pay– NFC– Tokenization (Virtual Number)– Touch ID

• PayPal and Google Wallet

How To Prevent It

• Keep Your Card In Site At All Times

• Use Cash When Possible

• Be Mindful Of Where You Use Your Card

• Pay Inside When Possible

• Watch Your Account Activity