Tuesday, March 27, 2007

Guard your Card, Nobody Else Will.

I hear about credit card fraud all the time, which I why I get a little annoyed when I make credit card purchases and they don't check my ID.

It's a good idea to keep a close eye on your credit card and check your statements. One person decided he wanted to find out how far the credit card insecurity goes. Specifically, he wanted to know whether or not a person's signature gets checked for authenticity (we have all signed that little slip that says we will abide by the cardholder agreement). He found out, and he posted his findings on the web. Call it a prank with a purpose.

1 comment:

Merchant911 said...

You make a goood point, but there's a minor flaw. If a merchant asks for ID as a condition of purchase, he is in violation of his contract with the credit card companies and risks loosing his merchant account. And, if you write "See ID" in the sginature box on the card, the merchant would be in violation of his contract if he accepts it. I know, it sounds crazy, but those are the regulations that a merchant is expected to follow.


Tom Mahoney, Director
E-Commerce merchants united against fraud