Payment card fraud involves fraudulent transactions using debit cards, credit cards, prepaid cards and online card payments.  This type of fraud is increasing due to the increased availability of the internet and advancement of technological devices.  

“Skimming” is the direct transfer of electronic data from the magnetic stripe on a credit or debit card to a card reading device.  Criminals install false parts onto an Automated Teller Machine (ATM) or a Point of Sale terminal, making it capable of reading your card information and Personal Identification Number (PIN).  This may result in the fraudulent use of your card at a later date.  Financial Institutions are very proactive in identifying potential skim sites.  If money has been removed from your account without your authorization, contact your financial institution and report it to them.  They may require a police report to reimburse you.  

Credit Card Frauds – Fraudsters steal credit cards and also obtain your credit card information and use your data to make unauthorized transactions.  

Protect Yourself

When using your debit or credit card, always keep it in your view and swipe it yourself if possible and protect your PIN. 

  • don’t carry credit cards you do not need
  • monitor your bank accounts, your receipts and your mail
  • do not use easily available information for your passwords and PINS.
  • divulging PIN to others could limit recourse to reimbursement if an unauthorized transaction were to occur on your card.
  • do not give credit card information out over the phone or internet unless you have initiated the call.
  • change your passwords on your debit and credit cards