How companies can reduce credit card fraud

For some persons, a telephone call from their bank to conduct purchase verifications before authorizing charges gives them a sense of security while for others, it may be deemed as an annoyance especially when they miss the call. You may receive a telephone call from your bank if it notices unusual card activity, for example, an expensive purchase out of town. Applying purchase caps on your credit card may also hinder offenders from using your card to make exorbitant purchases.

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