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Consumer Tips: Debit Card Fraud |
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Consumer Tips: Debit Card Fraud by: News Canada (NC)-With approximately 36,000 ABM machines, and some 460,000 direct payment terminals in more than 350,000 businesses across Canada, it's not surprising that Canadians are the highest per-capita users of debit cards in the world. Recent media stories have reported debit card fraud and the need for consumers to take proper precautions to protect themselves. Beware of retailers that swipe your card twice. The second swipe may be on a card reader that skims your personal bank information from the magnetic strip. Thieves create fraudulent cards with this information, which enables them to take money from your bank account. First, however, they must get your personal identification number, or PIN. |
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