Using Credit cards

Credit card fraud is a big issue in India and abroad. I still know lot of people who never uses internet banking and earns more than a million rupee a year in IT field. Most of the time I have felt why these people are more reluctant?? Sometime back a colleague of mine used to give me money every week for booking him a rail ticket in IRCTC. He had a debit card, he was eligible for a Corporate Credit card but he never used those in the internet.

Even last week one of my ex-Manager who is yet to start a interior designing business came to my home to buy some softwares and domain name using my card in the internet. Lot of times I have used my cards for my friends’ purchase online.

But lot of Credit card based fraud are really making me to think twice before helping others to use my card... Visa & Master card gives a new way to secure your card information online called Verified by Visa and MasterCard SecureCode. Most of the companies comes with their own way of securing or some good proven way to secure that. Nearly two years back I criticized in my blog about HSBC over killing the users by giving a security device.

 BBC claims that they have purchased UK residents credit card details from New Delhi. [More] This new issue and other stories are really making me to feel that those reluctant people are better!