Subscribe to The Money StopNews Feed

Browse > Home / News, News-Banking / Apacs: Never reveal Pin

Apacs: Never reveal Pin

May 30, 2008 by admin  
Filed under News, News-Banking

Leave a Comment

Apacs, the UK payments association, has emphasised the importance of credit card security and advised consumers to keep their Pin private.

A spokesperson for the association said people should make their Pins as complex as possible to avoid would-be fraudsters getting their hands on their cash.

However, she added that this can lead to confusion, adding that people can avoid this by selecting a familiar pattern.

“It is better not to use the same Pin number and, if you can, familiarise a sequence of codes; a number of a house that you know in combination with a good friend’s birthday.”

Finally, she emphasised the importance of never disclosing information regarding Pins or writing them down and storing them with the cards in question.

Recent research by Which? highlighted that one in three Brits have been a victim of in the past.

A previous CPP poll found that Londoners were the most likely to have their plastic stolen or fraudulently used, with 20 per cent and 28 per cent of the capital’s residents being a victim of such crimes respectively.

Tags: credit card fraud, credit card security, uk, Association, pin number, combination

Tags:

Related Entries

  • Apacs introduces new payment system
    • Making payments over the phone and online will soon become a quicker process, thanks to the implementation of a new payment system.The UK payments association Apacs has revealed that the new system is on track
  • Online banking fraud rises
    • More of us are falling victim to online banking fraud, with new figures showing a huge increase within the last 12 months.Apacs, the UK payments association, says there was a 44 per cent rise in
  • Chip and pin revolution boosts online fraud
    • One surprising outcome of the chip and pin revolution is that online fraud has risen, the trade association Apacs said today.The massive increase in UK consumers shopping online has proved fertile ground for thieves, as
  • Fraudulent Attempts to Access Bank Accounts Have Increased
    • If you have been one of the millions of people who have received an email from your bank asking you to update your information, then it is quite likely that you have been targeted in
  • Holidaying card holders should keep record of helplines
    • Credit card helplines provide essential customer protection against fraud, payments association Apacs said yesterday.This advice especially applies to those intending to use credit cards on holiday this summer, with the trade association recommending that a
  • Consumers favour cards over cheques
    • The use of cheques by consumers is being increasingly shunned due to the popularity of debit and credit cards, one financial expert has claimed. According to the Association of Payment Clearing Services (APACS), while cheques
  • Credit card holders becoming more savvy
    • It is something that many of us have done in the past, but the UK payments association Apacs says that fewer of us are making purchases with our balance transfer credit cards.The organisation warns that
  • Chip and pin – one year on
    • It was more than a year ago that the UK was first introduced to the payment system of chip and pin.February 14th 2006 was officially named Pin Day and consumers were told to brace themselves

Speak Your Mind

Tell us what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!