Protect Your Business From Credit Card Fraud
It’s all over the news, but do you know how to protect your business from credit card fraud? Most of the stories we see tell us about individuals who are trying to recover following the theft of personal information. It’s a bit different for a trade business, though.
We’re not as worried about ATMs. The gas pump, however, is the lifeblood of our industry. Every day, you and your crew are filling up and potentially exposing your credit card account to thieves.
Fortunately, there’s a very simple way to reduce your risk.
How to Protect Your Business From Credit Card Fraud at the Gas Pump (or ATM)
Credit card thieves use skimmers to record your credit card information and zip code when you punch it in. It’s a fairly simple-looking device that slips right on top of the card reader. What gives us an advantage is that it has to be relatively simple to remove for thieves to get it off quickly.
That’s where a simple test works. Grab hold of the card reader’s housing where it sticks out to receive your card. Then give it a good tug. You won’t damage the reader and if there is a credit card skimmer on it, it will pop right off. At that point, notify the attendant so they can call the local authorities to investigate.
The same method works at ATMs, though you might have to go into the bank or call the police yourself if you find one.
An Extra Step to Avoid a Headache
Checking for a credit card skimmer is a simple step that reduces your risk. Fortunately, most credit cards these days have a layer of protection built into the agreement so you’re not responsible for any fraudulent charges. So it’s better than potentially exposing your bank account by using a debit card.
If your information does get stolen, it’s still a process to report the fraudulent charge and get your account back in order. Even though some credit card companies make it easier than others, the time you spend sorting it out is time you’re not spending on site getting paid.
Check out this report from CBS 46 in Atlanta: