Financial Tip of the Week from the Iowa Bankers Association:
Credit and debit cards continue to be a popular method of payment for consumers. These types of payment offer a convenient way to make purchases in store and online, but consumers also need to be aware of the risks involved.
Common types of electronic payment fraud include:
As consumers continue moving to the speed and convenience of electronic payment methods, an increase in payment system fraud does not have to be the result. Here are some tips from the Iowa Bankers Association (IBA) and the Federal Trade Commission (FTC) to help you protect yourself from credit and debit card fraud.
Your bank is your first and most important point of contact when you discover your debit or credit card has been lost or stolen, or when you find unexplained transactions on account or billing statements.
These money-saving tips are provided by the Iowa Bankers Association (IBA), representing banks and thrifts in the state. For more information, go to www.iowabankers.com.