credit cards – pressnews

[ad_1] (The Conversation) Credit card risk - Must Dos and Don'ts: Paying for things digitally is so common, most of us think nothing of swiping or tapping our credit card, or using mobile payments. While doing so is second nature, we may be more reluctant to provide card details over the phone. Merchants are allowed to ask us for credit card details over the phone – this is perfectly legal. But there are minimum standards they must comply with and safeguards to protect consumer data. So is giving your credit card details over the phone any more risky than other transactions and how can you minimise the risks? 1. How is my credit card data protected?For a merchant to process card transactions, they are expected to comply with the Payment Card Industry Data Security Standard. This is a s...

[ad_1] A new world wide web of payments may be the best way to move money quickly and cheaply across borders. Unrealistic as it was technically, the idea of a pan-Asian currency always had some political support: Since 2005, the Japanese have published the exchange value of something called the Asian Monetary Unit, a precursor to what would one day become the region's equivalent of the euro. The debt crisis in southern Europe — and the threat it posed to the single currency in the early part of the last decade — ended that pipe dream. Now there's a more modest goal: Keep money national, but allow it to jump borders effortlessly. This vision could start becoming a reality in three years and have a far-reaching impact on a continent expected to account for half of the world's consump...

Tag: credit cards

Credit card risk – Dos and Don’ts on Phones: 5 critical points to note if you don’t want to lose money

Smartphone Apps Bury the Case for a Pan-Asian Currency