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Credit Card Receipt Safety |
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You may face the same risk whether losing a credit card or credit
card receipt. There are possibilities of misusing your credit cards
by another person if you lose your card or receipt. Anyone with
the information of your stolen or found receipt can potentially
use so credit card receipt is a major concern for you if you lose
it.
You may think how a credit card receipt can help the thief to do
shopping. During online or telephonic buying without the physical
plastic card one can shop by giving the 3 or 4 digit security code
to the merchant. This security code can be traced as it is printed
on the reverse or front of most credit cards. Now you can relax
yourself that the security code is not published on the receipt
page. It is truth that as compared to losing a credit card and receipt,
risk is enormous in credit card theft or loses.
According to the Federal Fair and Accurate Transaction Act many
merchants now only include the last four digits of a customer's
credit card number on the receipt. This act states that receipts
for credit card and debit card transactions may not include more
than the last five digits of the card number or expiration date.
Some states have made their own laws for the safeguard of consumers.
For example in California the law states that all cash registers
and point-of-sale terminals must print safeguarded receipts that
list only the last five digits of a customer’s credit card
account number and no expiration date.
Although the laws safeguard the consumers yet they should be aware
of for themselves. Credit card users must be on guard against thieves
who can search your financial information from the garbage here
you might have thrown the receipt of your credit card. So destroy
the receipt before throw it in a dustbin or any garbage box.
All credit card users should at least careful for their receipt
until a quarterly or for that term credit card bill has not handed
over to you. Keep storing the receipt in a safe place and only after
receiving the credit card report for that term you can destroy or
torn up the documents and can throw in the wastage box.
If you have any query regarding credit card receipt safety please
feel free to contact us. |
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