Credit Card Fraud: How To Stay Safe, What Do To If Card Details Stolen?
NDTV
Merchants are allowed to ask us for credit card details over the phone this is perfectly legal. But there are minimum standards they must comply with.
Paying for things digitally is so common, most of us think nothing of swiping or tapping our card, or using mobile payments. While doing so is second nature, we may be more reluctant to provide card details over the phone. A policy should be in place to ensure that payment card data is protected against unauthorised viewing, copying, or scanning, in particular on desks. call your bank and get the card blocked so you won't lose any more money. Depending on your situation, you can also block/cancel the card through your banking app or website report the issue to the police or other relevant body monitor your account(s) for any unusual transactions explore card settings in your banking app or website – many providers allow you to limit transactions based on value, restrict transaction types or enable alerts you may want to consider registering for credit monitoring services and to enable fraud alerts.
Merchants are allowed to ask us for credit card details over the phone – this is perfectly legal. But there are minimum standards they must comply with and safeguards to protect consumer data.
So is giving your card details over the phone any more risky than other transactions and how can you minimise the risks?
