Showing posts from August, 2015

How to avoid credit card security overkill

When it comes to financial security, you can never be too cautious, can you? Perhaps. While protecting your credit and money is important, it's also possible to go to unnecessary extremes. Here are the most common safety overreactions to transform into sensible defensive practices.
Overreaction: Refusing to give your credit card to a waiter. Much has been reported lately about how waitstaff can take your credit card "in the back," steal its information with a skimmer and then create clone cards. But Annika Stensson, director of media relations for the Washington, D.C.-based National Restaurant Association, says to relax. "Like every other merchant, they must comply with standards, and those requirements have double and triple security," says Stensson. Restaurants "don't store PIN data, the point-of-sale (POS) systems are customized, and they don't use passwords." Bad eggs are weeded out, too. "It's in the best interest of restauran…