Guiding consumers since 2009

Card over cash is conveninet but keep it safe

By Staff Writer
The increase in card transactions over the World Cup 2010 brings to fore the various security issues surrounding alternative payment systems.

"Whilst it is fantastically convenient for tourists to make use of cards over cash when travelling it's imperative for both tourists and South Africans to remember that they should guard against card fraud to ensure the safety of the hard earned cash," says Andy Gilder, general manager of Justmoney.co.za - a website dedicated to comparing financial services products.

Despite the current downward trend in this crime, stealing card information, which is stored on card magnetic strips, is still happening and it's very easy to fall for these kinds of scams. Card skimming happens most often when using hand-held devices during payments as the card holder loses sight of his or her card. This can happen anywhere - from standing in line at the ATM to shopping or paying at restaurants.

"Don't accept help from anybody when you are standing in line at an ATM. Criminals often use simple tricks like asking whether they can ‘clean' your card or using distraction techniques to gain access to your pin," Gilder said.

"And memorize your PIN - writing it down or saving it on your cell phone makes it easy for criminals to gain access to your details should you get robbed."

Justmoney says that being wary is the best way to guard against card fraud and reminds traveller that if they are planning to use their cards while travelling they should inform their bank of their travel plans

Recent Articles

Featured Are you entitled to your spouse’s pension after divorce?

Divorce means more than just parting ways with your partner. It may also involve parting ways with your assets. The Divorce Act states that your retirement fund forms part of your assets. This means that it will be considered when dividing up your assets.

Retrenched – what payments are you entitled to?

In the current struggling economic climate, retrenchments are a regular occurrence and not everyone survives the cut. If you find yourself on the receiving end of retrenchment you may have questions about the payments that are due to you.

Do you want to settle your debt?

You may be considering settling your credit account, whether it’s a credit card or various store accounts, now may be as good a time as any. This especially if you have saved, or you received a tax return or salary bonus. 

Can you afford a personal loan?

Taking out new debt is not always a choice. However, if you’re not pressed by a medical emergency or an unforeseen disaster, it’s worthwhile considering whether you can actually afford it. But what does it mean to “be able to afford a personal loan”? What percentage of your income should you not exceed dedicating to it? 

Deals

Eat for less on Tuesdays at Panarotti’s

Price: R59.99
When: Tuesdays
Where: Nationwide

Get discounts with Clicks ClubCard Seniors Programme

Price: Available on request
When: Daily
Where: Nationwide

Amani Spa Voucher Special

Price: R1000
When: Daily
Where: Cape Town, Jhb, and Port Elizabeth