Is It Possible That Your UK Business’ Credit Card or Plastic Security Card Might Be Vulnerable to Fraud?

By 2009/04/20News

Plastic security card

Having a credit card or plastic security card seems as if it would offer a sense of security for employees, consumers, and stock. In reality, you may be much more at risk, based on an FBI report in the US. Any way that has previously existed to create plastic security cards can always be matched by scammers. This piece will investigate how counterfeiters can match methods used to make MasterCard or Visa cards. When you think about the fact that a near two-thirds of US credit card debt result from these two cards, they are thus an inviting fraud target. It’s clear that if these two corporate entities can be hit with fraudulence, no company is safe from the same threat.

Plastic card

According the FBI report, most plastic credit card forgeries once depended on a one-step printing process that duplicated the logo and background onto a blank white plastic card. Forgers can now upgrade the process with laminating and embossing cards. In fact, counterfeiters are now capable of using counterfeit holograms and fully encoded false magnetic stripes in their products. Scam artists can utilize computers, blank cards, and printers to develop extremely sophisticated forgeries. Forgers can now put forth amazing duplicates with just some cards, printing equipment, and computer technology.

Plastic card UK

To counter this, there’s a new generation of plastic credit card technology that contains a computer chip instead of a hologram. Known as smart cards, these cards have a chip which will store info in an extremely secure manner and must be verified by personal identification number (PIN).

When they decide to use a plastic security card business owners in the UK should be ever aware of counterfeiters easy duplications of a plastic card.