Thursday, September 17, 2015

Joseph Piacentile: How To Combat Debit Card Fraud

By Bob Oliver


Suffice it to say, debit cards are commonplace in this day and age. Anyone who has ever used these can tell you the same, especially when they are nothing short of secure for payment reasons. With that said, a tool such as this runs the risk of falling into the wrong hands, resulting in fraud. In order to better understand how debit card fraud can be taken care of - and Joseph Piacentile can help you along the way - please consider the following talking points.

For those who do not know, debit card fraud usually occurs when the card in question is swiped through, its information being brought into a system. In these situations, the information in question is given to third parties, which can use them for their own financial gain. To say that this is a serious situation would be an understatement. However, in order to reduce your level of risk in this respect, here are a few details supported by the likes of Joe Piacentile.

According to Joseph Piacentile, one of the best ways to combat debit card fraud is by immediately contacting your bank as possible. This can vary from person to person, since most banks will detect foul behavior at the onset, before letting cardholders know about it. However, if you observe it first, you will be able to consult your bank. From that point, you will be given clear instructions on what steps to take, in order to correct this issue.

While contacting your bank is essential, exercising care later on is nothing short of useful either. The reason for this is that some places are not as secure to do business with than others. If you are unfamiliar with a particular retailer, for instance, you're probably not going to want to give your financial information so freely. Instead, be mindful about where you do business; your financial situation, as a whole, will be better off for it.

Hopefully you have a better understanding of how debit card fraud risk can be reduced. This situation is nothing short of unfortunate, especially when given how careful most people are with their finances. If you feel like you are in this situation, do not become discouraged. Make sure that you contact your bank, give them all of the details, and exercise care for the future. Suffice it to say, your financial stability in general will be better as a result.




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