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BLOG: Top tips to ensure secure card transactions during the Great Singapore Sale

Mohammad Aslam | June 27, 2012
With the increased number of card transactions expected during the GSS period, instances of card fraud are likely to rise as well.

6. Do not use cards at shady merchants.

7. Inform your bank if you are travelling abroad. Always let your bank know your travel dates and destination. You don't want to get declined when paying for a tailored silk shirt in Orchard Road.

8. Regularly update your contact information with your bank and provide multiple channels of communication (e.g. mobile number, email address) to ensure that your bank is able to contact you when they suspect a fraudulent transaction is being conducted.

9. Avoid using cards altogether if suspicious individuals are close, and always cover your hand as you enter your PIN code. Be cautious of strangers offering help - for example, if your card gets stuck and someone approaches to help, it may be a scam. A criminal may be trying to watch as you enter your PIN code.

10. Remember that if the offer sounds too good to be true, it probably is. Fraudsters create deceptive offers that they know are likely to grab the attention of unsuspecting users, and then attempt to coax out their financial and personal details. Don't be taken in.

Mohammad Aslam is Senior Consultant, Pre Sales Consulting, FICO.


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