“There’s a lot of talk going around about debit and credit card fraud. How can I safely use my cards without worrying about losing my money in one of these scams?”

Last week we compared some of the features of debit and credit cards. Both cards provide a convenient alternative to paper money, and remove the risk of shopping with cash. However, the fact that these cards provide electronic access points to your money can present an even bigger security challenge for card users.

Developments in technology can sometimes be both beneficial and detrimental.  Scam artists and thieves have the capability to use hi-tech methods to get information from your cards that can allow them to steal your money. Let’s look at three major ways that these scams can be carried out: Continue reading Debit and Credit Card Security →