How To Keep Your Debit Card Transactions Safe
News from San Francisco Chronicle:

Americans made $ 1.15 trillion in purchases with their debit cards in 2011, according to CreditCards.com. By 2013, the Nilson report expects more than 67% of all purchases will be made by debit cards. While many consumers choose to use a debit card in order to avoid accumulating credit card debt, they may not be aware that they could lose more of their hard-earned cash through debit card fraud than if they had used a credit card for a purchase.

As you probably know, when you make a purchase with a debit card, the money is taken instantly from your checking account. If someone fraudulently uses your debit card number, you could be responsible for some or all of their charges. According to SmartMoney.com, “If a consumer’s debit card has not been lost or stolen but there are unauthorized charges on their account, they will be protected if they report those charges within 60 days of when the statement was sent. When a physical card goes missing or is stolen, consumers have just two business days after learning about the loss to notify the card issuer; those who do will limit their losses to $ 50. O…………… continues on San Francisco Chronicle

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You Can Swipe Your Card, Fuel Up Again
News from LoanSafe:

DUBAI ( Source: Issac John Khaleej Times, Dubai, United Arab Emirates (MCT)- – After a gap of almost five years, motorists in the UAE will be able to use credit cards to pay for fuel at filling stations. But there will be surcharge of Dh2 for every such card transaction.

The long-awaited move to permit the use of credit cards at fuel stations was announced by the UAE Ministry of Economy on Wednesday. Mohammed Ahmed bin Abdul Aziz Al Shehhi, Undersecretary of the Ministry of Economy, said the Supreme Committee for Consumer Protection has approved the request of fuel retailers to allow the resumption of credit card use for an extra charge of Dh2 as commission for every transaction.

Al Shehhi said the committee has revoked its earlier decision that prevented fuel retailers from imposing surcharges on credit card use. The earlier decision was taken at the second meeting of the Supreme Committee for Consumer Protection in 2011.

Al Shehhi emphasised the significance of several such “strategic decisions” made by the Ministry and the Supreme Committee for Consumer Protection recently to protect consumer rights and help boost economic competitiveness and growth in the UAE.

A ministry statement said the committee…………… continues on LoanSafe

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