Consumers are increasingly using Contactless Credit Cards, commonly called “tap-and-go” cards since they make transactions easy and quick. These cards employ a short-range wireless technology called Near-Field Communication (NFC) to communicate payment information to a reader instead of swiping or inserting the card into the card terminal.
Although Contactless Credit Cards are more secure, their security and safety are still a concern for many people. They may be subject to fraud if not handled carefully. This article will provide you with the know-how to use Contactless Credit Cards safely.
How Do Contactless Credit Cards Work?
Contactless Credit Cards utilize NFC to communicate with readers. When you place the card close to the reader, it will transmit an electromagnetic signal to the Contactless Credit Card. The card then reacts by sending the reader your payment information again. Contactless payments are faster than traditional card payment methods since the procedure takes only a few seconds.
Contactless Credit Cards have multiple layers of security. First, the card’s NFC technology has a minimal range – usually just a few millimeters. This makes it harder for someone to steal your card information.
Secondly, these cards are equipped with a technology called EMV (Europay, Mastercard, and Visa), which safeguards chip-and-PIN cards. Your payment information is encrypted by EMV technology, making it nearly impossible for a scammer to intercept and read it.
Lastly, most Contactless Credit Cards have a cap on how much may be spent in a single transaction. In India, the cap set by RBI is Rs 2,000. This indicates that even if someone obtained your payment details, they could only use your card for modest transactions.
How to Use Contactless Credit Cards Safely?
Using Contactless Credit Cards is generally safe. However, there are several steps you can take to continue using it securely.
- Protect your card
Always keep your Credit Card safe before using it. Store it in a wallet or pocketbook; never leave it unattended in public areas. Furthermore, inform your bank immediately if your card has been misplaced or stolen.
- Examine your statements frequently
Keep track of your spending. If you frequently pay Credit Card bills online, always review your statements carefully to spot any fraudulent transactions. If any unusual activity is detected, report it to your bank instantly.
- Use Contactless payments only at reputable retailers
Try only to use your Contactless Credit Card at reputable retailers. Use your card cautiously at unknown or dubious-looking merchants or vending machines. They may be more vulnerable to fraudulent activities.
- Keep our card away from other Contactless devices
Other NFC-capable gadgets, such as smartphones or smartwatches, might unintentionally read Contactless Credit Cards. Hence, keep your card away from other contactless devices.
- Whenever you tap, protect your card
Cover your Contactless Credit Card with your hand or wallet when making transactions. If this is not done, anyone near you can view the information on your card.
- Be Cautious of Skimmers
The info from credit cards may be stolen via Skimming devices. They are tiny devices that can be added to card readers or ATMs. Thus, be cautious of card readers, such as those with loose or shaky parts or ones that appear to have been tampered with. Additionally, avoid using a card reader if you believe it has been tampered with, and report it immediately to the police.
- Enable Contactless payments on the cards you use often
You should only allow Contactless payments on the Credit Cards you frequently use. As a result, you will be less vulnerable to fraud, and keeping an eye on your transactions will be simpler.
- Carefully dispose of your outdated cards
Be sure to either shred or chop up your old Credit Cards before disposing of them. Doing this will make it impossible for someone to create a fraudulent transaction using the card details.
- Use a card that has fraud protection
Many Credit Cards provide fraud protection, shielding your card from unauthorized use. You can find out the terms and restrictions of your card’s fraud protection by contacting your bank.
- Set up card transaction notifications
If you pay your Credit Card bill online, set up notification alerts for your card transactions. This can help you in the detection of fraudulent activities. You may set up alarms with many banks for particular activities, such as online purchases or transactions above a specific amount.
- Watch out for phishing scams
False emails or texts that look to be from a trustworthy source, such as a bank, are known as phishing scams. These con artists frequently demand sensitive information, including your Credit Card number or login information. Thus, ensure you only click on links in emails or text messages and give out personal data if they are reliable, safe, and verified.
Conclusion
Although using Contactless Credit Cards is quick and easy, they can also make you vulnerable to fraud if not utilized properly. You may safeguard yourself against fraud and use your card securely by following the advice provided in this article.
Remember to check your statements frequently, use contactless payments only at reputable merchants, keep your card away from other contactless devices, cover it when tapping, and be cautious of skimming devices. Furthermore, enable contactless payments only on cards you use, take caution when disposing of old cards, use a card with fraud protection, set up notifications for card transactions, and be wary of phishing scams.
By following these tips, you can enjoy the convenience of contactless payments without worrying about fraud.
Author Bio:
This is Aryan, I am a professional SEO Expert & Write for us technology blog and submit a guest post on different platforms- Technoohub provides a good opportunity for content writers to submit guest posts on our website. We frequently highlight and tend to showcase guests
