Tuesday, April 15, 2014

More Risk to Debit Revenue!

Financial institutions are losing more revenue as payment options are encouraged rather than the debit card.  USA Today defines four places NOT to use your debit card:  Online, Restaurants, Gas Stations and Retail Stores!   Fight back with the Companion Card!

USA TODAY: 4 places you should not swipe your debit card: gas stations, restaurants, stores, online
Breaking news such as the massive data breach at Experian or Target now seems common. Leaving aside the victims of actual fraud, I hear constantly from people who've had to swap out every debit and credit card, or whose cards were unilaterally replaced by their bank. This causes all sorts of problems. Sometimes it makes you long for the days of cash. While cash is not practical for everything, there are very compelling reasons to consider it or other alternatives instead of those debit cards. Of course, you also have to watch where you get your cash, too. Criminals are good at installing near-invisible skimmers on ATMs. These steal your card information and then a miniature camera over the keypad steals your PIN. It's everything a thief needs to drain your account.

http://usat.ly/1nbDCy7

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