Ten Top Credit Cards » identity theft http://www.tentopcreditcards.com/blog Compare The Ten Top Credit Card Offers Thu, 09 Sep 2010 02:50:58 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Tips to Prevent Identity Theft http://www.tentopcreditcards.com/blog/989/tips-to-prevent-identity-theft/ http://www.tentopcreditcards.com/blog/989/tips-to-prevent-identity-theft/#comments Tue, 16 Mar 2010 05:36:53 +0000 Credit Guru http://www.tentopcreditcards.com/blog/989/tips-to-prevent-identity-theft/ Identity theft have been carried out by people where the thieves used data obtained as credit card and social security numbers for their own interests, and of course this is very harmful side their data stolen.

Identity theft is not just done offline, but also has various place internet where the thieves made a diversity [...]]]> Identity theft have been carried out by people where the thieves used data obtained as credit card and social security numbers for their own interests, and of course this is very harmful side their data stolen.

Identity theft is not just done offline, but also has various place internet where the thieves made a diversity of ways to achieve the information they desire and one way to make fake websites and the hope of entering personal information into the site and next they take the information it to their personal interests

To avoid data theft of personal feel, therefore when you want to buy products internet, before you enter your personal information in a website, first create certain that you are truly playing on the correctly website of the product that you want to buy, and not a fake website with the same appearance but special address. And if you know that the website was a fake it was best when reported to the official website of the forgery would execute so that another populace execute not feel troubles due to their personal data stolen by fake website programmer, and this is going to also help save your own credit and continue your info remains safe from those who require to take your personal data.

Store all your credit card bill very well, and skewer all your credit cards bill each month with the actually spend you do, and if any suspicious charges, contact the credit card company immediately to give information this problem, and that your credit card protect from other users, if necessary, block problematic credit card and replace it with a new credit card, so that your credit card really safe from thieves

Each credit card bills, or other private data such as debit cards, social security card and make sure you keep the other safe place, and if you want to report credit card or your bank account, then make sure that personal data has been destroyed so that you data can not read by someone else, you can use a paper shredder machine that are sold on the market to ensure that your personal data does not fall into someone else.

Identity theft is not just done offline, but as well has various place online where the thieves made a diversity of ways to reach the data they require and one way to start fake sites and the hope of entering personal information into the site and then they take the info it to their personal interests

 

 

 

]]> http://www.tentopcreditcards.com/blog/989/tips-to-prevent-identity-theft/feed/ 0 Protecting your Credit Card’s Expiration Date http://www.tentopcreditcards.com/blog/944/protecting-your-credit-cards-expiration-date/ http://www.tentopcreditcards.com/blog/944/protecting-your-credit-cards-expiration-date/#comments Wed, 10 Mar 2010 03:12:32 +0000 Credit Guru http://www.tentopcreditcards.com/blog/944/protecting-your-credit-cards-expiration-date/ The Fair and Accurate Credit Transaction Act, known as “FACTA,” was passed by Congress and signed into law on December 4, 2003, and became fully effective on December 4, 2006. The purpose of FACTA is to reduce the amount of personal confidential financial information that is generated and thereby reduce the incidence of identity theft [...]]]> The Fair and Accurate Credit Transaction Act, known as “FACTA,” was passed by Congress and signed into law on December 4, 2003, and became fully effective on December 4, 2006. The purpose of FACTA is to reduce the amount of personal confidential financial information that is generated and thereby reduce the incidence of identity theft and credit card fraud. In keeping with this goal, 15 USC 1681c(g)(1) requires that merchants that issue receipts to individuals truncate all but the last four or five digits of the customer’s credit card account number and truncate the entire expiration date.

Unfortunately, and despite the fact that FACTA was widely discussed before and after its passage, many merchants simply have ignored these aspects of FACTA, apparently based upon their belief that expiration dates are unimportant to a criminal. They are wrong. There is much a criminal can do with expiration dates. Consider the following:

•  Expiration dates are one of the inputs needed to calculate the 3-digit security code (CVV2 or CVC 2) on the back of a credit card.

Expiration dates are required for most online purchases, including the enormous retailer Wal-Mart.

• Expiration dates can also be used to make a criminal sound more credible if he or she calls while pretending to be a bank employee.

•  Expiration dates are solicited by criminals in many e-mail phishing scams.

• Expiration dates make up some of the core secret informational items that identity theives traffic.

•  Expiration dates are described by Visa as a “special security feature.”

•  Expiration dates are one of the items contained in the magnetic stripe of a credit card, so it is useful to a criminal when creating a phony duplicate card.

• Expiration dates can be ommitted with no hassle and little cost, even for a large retail operation with tons of cashiers.

•  Expiration dates are required to be excluded from printed receipts, according to Visa’s Rules for Merchants, which predates FACTA.

•  Expiration dates are required to be excluded from printed receipts, according to MasterCard International’s Rules, which predates FACTA.

• Experation dates, according to laws passed in most of the country, cannot appear in any printed customer receipts.

•  Expiration dates are required to be excluded from printed receipts given to individuals, according to FACTA.

The expenses from a merchant implementing FACTA are tiny, but the amount a customer can lose from fraud and identity theft are enormous. Accordingly, it is difficult to see how any merchant could fail to see the risk of harm to which they willfully are exposing their customers by not truncating expiration dates as required by FACTA as well as Visa and MasterCard International merchant rules as well as many state laws.

The author of this article is an experienced banking expert witness consultant who has worked on 337 cases nationwide and testified 91 times. He is a former banker and banking regulator, widely published, and often quoted in the media. He is available to discuss FACTA and other banking, finance, economic and credit damages, fraud and embezzlement, real estate, business valuation, and related cases with attorneys.  Find him and others like him through Consolidated Consultants, an expert witness referral service.

]]> http://www.tentopcreditcards.com/blog/944/protecting-your-credit-cards-expiration-date/feed/ 0 What is FACTA? Credit Laws Explained http://www.tentopcreditcards.com/blog/921/what-is-facta-credit-laws-explained/ http://www.tentopcreditcards.com/blog/921/what-is-facta-credit-laws-explained/#comments Sun, 07 Mar 2010 18:34:23 +0000 Credit Guru http://www.tentopcreditcards.com/blog/921/what-is-facta-credit-laws-explained/ Congress passed The Fair and Accurate Credit Transactions Act (“FACTA” or the “Act”), and it was signed into law on December 4, 2003.  FACTA became fully effective on December 4, 2006.  The purpose of FACTA is to reduce the amount of personal confidential financial information that is generated and thereby reduce the incidence of identity [...]]]> Congress passed The Fair and Accurate Credit Transactions Act (“FACTA” or the “Act”), and it was signed into law on December 4, 2003.  FACTA became fully effective on December 4, 2006.  The purpose of FACTA is to reduce the amount of personal confidential financial information that is generated and thereby reduce the incidence of identity theft, credit card fraud, and debit card fraud.To make sure of this, a section of the law mandates that stores and business owners get rid of all but the last four or five digits of the credit card number on the reciept, and not have any of the expiration date visible.

FACTA’s passing led to mass confusion, with some business owners effectively ignoring the act, despite much publicity of the law.Because there were so many lawsuits over FACTA’s “no printing of expiration date” clause, Congree decided to pass an act to protect merchants who didn’t follow that element of the law.

The Clarification Act actually came into effect in June of 2008.  After June 3, 2008, a merchant that prints a credit card or debit card’s expiration date on an electronically generated receipt given to a customer is in violation of FACTA, even if the credit card or debit card number is properly truncated.

The Clarification Act ironically did not actually make any of the laws clear, but instead gave previously blatant violators of the FACTA a second chance to avoid lawsuit.The Clarification Act created a specified window between December 2004 and June 2008, in which violations of FACTA’s “no expiration date printings” law was effectively not enforced.

As a non-attorney banking consultant, my reading of the current requirements for what is now considered to be willful noncompliance with FACTA is:

  • The printing on an electronically generated receipt of more than the last five digits of a credit card or debit card account number after December 4, 2006.
  • The act of printing a receipt with the credit card or debit card’s date of expiration, after June of 2008.

As we get close to the six year mark of FACTA’s passing, there are unfathomable examples of merchants who still ignore the rules.It is essential that these store owners and merchants change their IT machines or reprogram them to get in line with FACTA’s regulations.  If they fail to do this, it is my professional opinion that there will be another round of FACTA lawsuits aimed at achieving compliance with the requirements of FACTA and the Clarification Act.These lawsuits have already begun.

This Banking Expert Witness Consultant has worked on over 50 FACTA cases nationwide and is available to discuss FACTA matters with attorneys, through Consolidated Consultants Co.

]]> http://www.tentopcreditcards.com/blog/921/what-is-facta-credit-laws-explained/feed/ 0 [5 Results Of Identity Monitoring|Best Five Benefits Of Monitoring Your Credit|A List Of Benefits Resulting From Credit Monitoring Services] http://www.tentopcreditcards.com/blog/861/5-results-of-identity-monitoringbest-five-benefits-of-monitoring-your-credita-list-of-benefits-resulting-from-credit-monitoring-services/ http://www.tentopcreditcards.com/blog/861/5-results-of-identity-monitoringbest-five-benefits-of-monitoring-your-credita-list-of-benefits-resulting-from-credit-monitoring-services/#comments Wed, 24 Feb 2010 02:46:29 +0000 Credit Guru http://www.tentopcreditcards.com/blog/861/5-results-of-identity-monitoringbest-five-benefits-of-monitoring-your-credita-list-of-benefits-resulting-from-credit-monitoring-services/ Because your credit can affect such a large amount of different parts of your life – from getting other visa cards and loans, to securing a rental property or even a job – many individuals are now making an effort to see what theirs is. Credit monitoring can help because gives you access to your [...]]]> Because your credit can affect such a large amount of different parts of your life – from getting other visa cards and loans, to securing a rental property or even a job – many individuals are now making an effort to see what theirs is. Credit monitoring can help because gives you access to your credit report and credit scores. If you find the info in your report isn’t correct, you can work to mend the mistakes. In fact, many of these services will mechanically update you when certain changes happen, so you can simply keep a lid on of your report and ensure its accuracy.

Using a credit monitoring service is also beneficial as it can offer a type of identity protection. Why is that important? Because, nowadays, identity theft has turned into a common fear – and is starting to become a standard problem. Knowing somebody is keeping an eye out for signals of identity theft can help you to avoid being affected by it. Even by simply monitoring your credit score frequently you can help spot accounts that shouldn’t be on it – a sign that somebody else might be using your identity.

Additionally, going over your credit history can help make sure that changes in your basic information,eg your name, are correctly passed on to the credit firms. Credit monitoring can also give you peace of mind. You may know that you do everything you can to keep your credit protected and your identity safe from others. Plus, knowing someone is helping you keep an eye fixed on things – someone that might catch the details you miss – can be reassuring and take some of the pressure off you to find out any issues on your own.

Just be certain to do your research prior to signing up with a credit monitoring service. Some offer more benefits than others, and the pricetag can change seriously. To get the maximum for your cash, check out client reviews about the services you are considering. See which one has the best reviews and reputation. There is no point in enrolling for an inexpensive service that doesn’t offer you much – it is usually definitely worth paying rather more in order to get better service.

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