May 17

It may seem like the best thing to do in this economy is use your debit card instead of your credit card. Although debit cards serve a useful purpose, it is important to understand that they may not be the best choice in every situation. And here’s why:

  • Debit cards, although they provide protection from fraudulent purchases, may end up giving you a large headache because your checking account can be drained in the process.  Waiting for your bank to investigate a case of fraud and replace your checking account balance can be difficult because you may not have access to cash during this time, which means you could have bounced checks and the like.
  • Often times, if you use a debit card at hotel and gas stations, they impose debit card blocks, which means they charge anywhere from $1 to $100 for up to a few days, which means your access to cash in your checking count could be compromised during this time.
  • The use of skimmers by credit card thieves has put many debit card users at risk for fraud. Sk

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Tags: Debit Cards, May

May 17

MasterCard and Brighter Planet introduced their joint program to make carbon emissions analysis easier for your business. In response to the nearly 80% of companies expressing interest in green travel initiatives, MasterCard “Carbon Emissions Reporting” feature represents the first time that automatic reporting and analysis of estimated travel-related carbon emissions data will be available through your MasterCard corporate card based on your card transactions. The “Carbon Emissions Reporting” program provides access to new data that is increasingly valued by companies as they strive to benchmark sustainability goals and initiatives, confront sustainability standards on their supply chains, and address the environmental concerns of stakeholders.

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Tags: Brighter Planet, Planet

May 17

Q: Who should I report credit card fraud to, the police or FBI?

A: You should report credit card fraud to your local police. You can either call the number or go in person to the police department. Don’t call 911; instead use the non-emergency number, which you can often find with a quick internet search. Some police departments will even let you fill out a police report on their website.

Reporting it to the police is good, but you should also report the fraud to your credit card company. Most cards have a number on the back that you can call 24/7. If yours doesn’t, you can find the number on the company’s website. It’s also a good idea to cancel your card or see if they will change your card number so that whoever stole your card number cannot continue to use it. Make su

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Tags: Card Fraud, Credit Card, Credit Card Fraud, Fbi

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