Understanding the information and numbers on your Credit Cards and how to guard them

ATM Frauds are common but Easy ATM Fraud can be prevented by being very careful, disciplined in handling your ATM card by not exposing these very important numbers.
A lot of people take these numbers for granted but a smart thieve does not need to have your PIN in order to steal your money.

These very important set of numbers are:


Debit card number:


This 16-digit number is unique to your card as shown in figure 1 and numbered as '2'. It is different from your checking account number.

Figure 1





 

 

 

Card Verification Value (CVV):

This is another very important number on your ATM/Debit Card as shown in Figure 2 and circled in red. This number is unique to your card. When you use your card to make purchases over the phone or Internet, some merchants may require you to supply this number to confirm that you have the card with you.

Figure 2

 

 

 

 

 How The Stealing and Theft is done:

Even without being in possession of your ATM Card, any person who gets to know these numbers on your ATM Card either by memorizing it or copying it down can use it to buy and pay for goods and services online without your consent and thereby depleting your account.  He does not need your ATM PIN in 98% of the cases.

So guard and protect your ATM Card Number and CVV from public view and unauthorized handling. By so doing you will protect your Bank Account. If you misplace your ATM Card immediately rush to bank and register an official complain so that they will take the necessary security measure.



Review of the Different Parts of ATM/Debit

The parts of a debit card

Learn the different areas on the front and back of a debit card.

Figure 1
 

 

 

 

 

The front of a debit card includes:

  • The debit card number
  • The issue date
  • The expiration date
  • A Visa® or Mastercard® logo
Debit card number
This 16-digit number is unique to your card. It is different from your checking account number.
Issue date
This is the date your debit card was issued.
Expiration date
Your card can only be used until this date. A new card will be automatically sent to your address prior to the expiration date.
Visa® or Mastercard® logo
This symbol means that you can use this card wherever Visa® or Mastercard® debit cards are accepted, for example, department stores, restaurants, and online.

the back of a debit card 

The back of a debit card includes:

  • The customer service number
  • The signature bar
  • The card verification value
  • The network logos
Customer service number
Call this toll-free number when you questions about your account.
Signature bar
For your protection against fraud, be sure to sign here as soon as you receive your card.
Card Verification Value (CVV)
This number is unique to your card. When you use your card to make purchases over the phone or Internet, some merchants may require you to supply this number to confirm that you have the card with you.
Network logos
The logos that appear on your card indicate where it can be used. You can:
  • Access any ATM that carries the same logos as your card.
  • Make PIN-based purchases at merchants that display the same Point-of-Sale network.
  • Make signature-based purchases at merchants that accept Visa or MasterCard debit cards.

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