Tuesday, 18 January 2011

Credit Card and Fuel Cards, which is best to combat fraud

Credit card companies continue each year to improve their fraud prevention measures with more and more emphasis on technology. Chip and Pin machines are forever being updated and still we hear on a regular basis of the amount of credit cards cloned at petrol stations and the months of grief that individuals go through to get their money back from their own bank!
Whilst the banks and merchant card providers promise us that their transactions are more secure than ever, this would of course be true if the actual fraudsters were not also increasing their capabilities. Thousands of motorists who buy their petrol or diesel on credit cards are still being attacked by the fraudsters and are losing millions collectively every year.
The only way to effectively protect your fuel expenditure and your bank accounts from fraudulent transactions is to get a fuel card. A Fuel Card Solutions fuel card is not a credit card, it does not operate through a credit card terminal and a combination of driver and vehicle identity make it safer to operate.
Our card limits are as high as credit cards and the ability to spend is similar but with a dedicated driver or vehicle fuel card the protection against fraud is much better.

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