Many people pay by credit card during their vacation. EnterCard’s experts on fraud has gathered their best advice. Credit card is a safe payment method, but in order avoid any problems we recommend being more observant in certain situations.
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Responsible lending means offering the right terms of credit to the right customer. – We are able to do this based on our thorough processes and frameworks, says Andrew Karmy, Chief Credit Officer at EnterCard Group.
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Use of real-time payments is one of the most dangerous trends in fraud, including so-called authorized push payment fraud. Criminals trick consumers into authorizing a payment of a fake invoice or unwittingly sending an SMS that triggers a payment.
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Criminals utilize new technology and new schemes to commit payment fraud. Therefore, banks and card issuers must be even more sophisticated and use the latest analytic innovations to fight fraud.
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