While the convience of online banking has only touched me in the last few months, i have, for many years turned to the Internet for shopping. However i have always been very caucious about using my bank card, not just online shopping, but anywhere really where cashless transfers take place, hotels, bars.
However, is there a common sense approach to the problem. I dont have the answer so you decide. Below i will present to you a simple solution to help you combat fraudlent missuse of your cashless credentials.(I hope).
What i have used for the past 2 years is a quidity card, this is whats also known as a pre-paid credit card. There are lots of different pre-paid cards available now but i will be covering the QUIDITY card and my new addition my PAYPAL VISA card.
As you can see the Quidity card bears all the hallmarks of a normal bank/debit/credit card. The maestro logo verifies the card can be used for cashless transfers whereever the maestro symbol is present, including online!!You can even withdraw money from an caash machine with it. So whats the big deal, whats its unique selling point i hear you ask. How does it help you shop safely.
Ok heres how it works. You simply top up the card at your local post office or where you see the paypoint sign.
Click here to find your closest paypoint retailer
So for example you see a beutifal pair of shoes for the weekend night out, despite all the anti-fraud measures in place, you decide against using your bank details online. The shoes cost £45. Simply load £50 (to cover transaction fees) on to the card. All the fees and transactions will be explained in detail later.
Now go online and make your purchase, if for any number of reasons your transaction is intercepted by a fraudster, you will of already spent the money on the card, rendering the card useless to anyone even if they have intercepted your data.
However, is there a common sense approach to the problem. I dont have the answer so you decide. Below i will present to you a simple solution to help you combat fraudlent missuse of your cashless credentials.(I hope).
What i have used for the past 2 years is a quidity card, this is whats also known as a pre-paid credit card. There are lots of different pre-paid cards available now but i will be covering the QUIDITY card and my new addition my PAYPAL VISA card.
As you can see the Quidity card bears all the hallmarks of a normal bank/debit/credit card. The maestro logo verifies the card can be used for cashless transfers whereever the maestro symbol is present, including online!!You can even withdraw money from an caash machine with it. So whats the big deal, whats its unique selling point i hear you ask. How does it help you shop safely.Ok heres how it works. You simply top up the card at your local post office or where you see the paypoint sign.
Click here to find your closest paypoint retailer
So for example you see a beutifal pair of shoes for the weekend night out, despite all the anti-fraud measures in place, you decide against using your bank details online. The shoes cost £45. Simply load £50 (to cover transaction fees) on to the card. All the fees and transactions will be explained in detail later.
Now go online and make your purchase, if for any number of reasons your transaction is intercepted by a fraudster, you will of already spent the money on the card, rendering the card useless to anyone even if they have intercepted your data.
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