first_img 76SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Nothing ruins a summer vacation quite like card fraud. As consumers gear up for their travels, community financial institutions (FIs) should provide best practices for keeping credit and debit card information safe.FIs can start by advising cardholders to share their travel plans with their FIs. This allows FIs to place cardholders into specific fraud prevention strategies based on their travel destinations.The forms of payment consumers use when traveling can also impact their vulnerability to fraud. FIs currently issuing EMV for credit and debit cards can take this opportunity to educate cardholders on the increased security EMV chip cards offer. FIs can also advise consumers to utilize prepaid cards while they travel, as they aren’t attached to consumers’ credit or debit accounts. continue reading »last_img

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