Is It Possible That Your UK Business’ Credit Card or Plastic Security Card May Be Vulnerable to Fraud?
Those running businesses in the UK might tend to think that their staff, merchandise, and customers are safe from trouble so ling as a credit card or plastic security card is in place. As reported on by the United States FBI, it turns out you may be far more vulnerable than you realize. There are many countermeasures for those who wish to defraud via plastic security cards. This article will take a look at the ease to which MasterCard and Visa could be counterfeited. Considering that the two cover approximately 65% of the credit card debt in the United States, scammers look to duplicate these cards most often. This gives the sobering impression that when you can defraud such large corporations, you can target anyone.
According the FBI report, most plastic credit card forgeries once depended on a one-step printing process that duplicated the logo and background onto a blank white plastic card. Unfortunately, the card counterfeiters have evolved their duplication process into a multi-step procedure that uses not only card printers but also embossers (for raised lettering), laminators and foil tipping of embossed lettering. This process is so advanced, con artists can even insert fake holograms and magnetic strips in these phony cards. Thanks to computers, printers, and blank cards, con artists now have the tools for even more convincing forgeries.
To counter this, there’s a new generation of plastic credit card technology that contains a computer chip instead of a hologram. This “smart card” will have a chip that can secure information for you – though you do have to use a (personal identification number) PIN to gain access to your card.
UK business owners are cautioned to be vigilant when implementing a plastic security card in their stores and offices, due to the ease with which a plastic card can be counterfeited.
For UK businesses considering implementing a plastic security card, there’s a lot to consider. Some well-placed research will go a long way toward finding the optimal solution for your company’s individual needs.