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MH1

(18,779 posts)
4. The CC companies implement practices to prevent future fraud
Fri Mar 8, 2019, 11:18 AM
Mar 2019

and advise their customers on protecting their card.

I have been through several rounds of fraudulent charges and having to have my card replaced, until the last one. Other than the significant inconvenience of having to go update my info on recurring charges, the way it was handled was fine for me - I didn't lose any money and received the new card quickly.

My latest card has a chip which is supposedly more secure. (not sure how, for online purchases). For online purchases, my credit card company has a feature to go in and create a temporary number. The site user interface is clunky but the process works well, once I figured it out.

If your CC company doesn't give you a chip card and a way to generate a temporary # for online purchases (limited to one seller, an amount you set, and an expiration date you set), then get a new CC company.

(If the vendors got paid for the merchandise, why would they care? If the CC company paid out, they are looking to minimize risk on a larger scale than a couple purchases on one card. They maybe turn info over to police, who knows. I would think that some sort of report would be filed.)

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