On Credit Card Security
[ This is a corny post but I feel I have to share this ]I have an officemate who's credit card got stolen.
An hour later, the person got a call from the bank's customer service informing the person of the bill and to confirm it. It amounted to 80 thousand pesos. Imaginehaving spent that much money in an hour! Anyway, my guess is that the signatureof the cardholder was forged. Much worse.. it wasn't even checked.
Well not all credit cards have your picture in the card (for security reasons).Sadly, not all store personnel check for the matching of your signature whenyou sign (yes this is awfully true). So, if you're a responsible credit cardholder, do this:
Write on the signature section "please Check Valid ID". This makes surethat when you sign, the store personnel can always ask for a valid ID to confirm your signature is such. I know it's a bit of a hassle, but hey, would you rather wake up with a hundred thousand peso bill because you let someone forge your signature?
This is also rumored to be true -- beware when using your credit card on shabbybar and restos. Syndicates pay store personnel around 500 pesos to scan your card (so they can duplicate it later). There isn't a way to detect this, so be very cautious when you use your card in not-so-credible areas.
posted by Urban Warrior @ 1:40 AM
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