Sunday, November 2, 2008

DEBIT CARD PROTECTION

Is there a way by which I can prevent transactions being done from my debit card by someone else?
When you shop offline, while swiping the debit card, a pin number is not required to validate the transaction. Online purchases with a debit card are much safer because transactions take place on the bank’s website rather than the merchant’s. Here, only the customer identification number and the net banking password are required which is known to the customer only.
To protect you card, you should first keep it in a secure place and report loss of the card immediately to the bank to block it. At the same time you should also put in a request for a fresh card so that you can resume you banking transactions immediately.