Cleared Funds Greatly Minimises Risk of Credit Card Fraud

Jan. 17, 2013 - PRLog -- Victims of credit card fraud often experience financial and identity loss as well as emotional distress. According to the Personal Fraud Survey for 2010-2011 undertaken by the Australian Bureau of Statistics, 3.7% of Australians were victims of credit card fraud, a more than 50% jump from 2.4% in 2007.

As English clergymen, Fredrick William Robertson once said, “There are three things in the world that deserve no mercy: Hypocrisy, fraud, and tyranny.”

Licensed financial institution, Technocash Limited only accept cleared funds so there are no credit card chargebacks. Chargebacks enable credit card companies to demand a reverse of the payment credited to businesses in the event of a disputed or fraudulent transaction.

With Technocash, most transactions go through the banking system which means greater security. A more secure payment environment boosts consumer confidence and helps your bottom line stay healthy. Watch https://www.youtube.com/watch?v=Tc6EHCcagl4&list=UUK8kPZ6sZwyVFyzDGjrMvCw&index=1 or email marketing@technocash.com for more information.



Stay Secure When Transferring Funds Online

It is important to stay safe when transferring funds online. Depositing funds to a Technocash Account are made via wire transfers, online bank deposits and in person at Australia Post with cash or EFTPOS. This ensures extra security because it is traceable.

In addition, procedures are in place to ensure that all Technocash account holders are fully verified, which helps protect accountholders’ identities.

Credit Card Fraud Prevention Tips

Here are some useful tips in credit card fraud prevention:

• Keep all your card safe. Thieves are sneaky and are able to catch your details with cameras. Avoid leaving your card exposed for long periods of time.
• Shred all documents containing your credit card details.
• Beware of phishing scams.
• Report lost or stolen cards immediately.
• Use a payment system that only allows cleared funds.

To protect customers, promote security and counter credit card fraud, Technocash only accepts cleared funds.The best way to avoid credit card fraud is to use a system like Technocash because they don't accept credit card payments. For more information on credit card fraud prevention, visit http://www.technocash.com/pages/credit-card-fraud-prevent... today.