Seven Top Risks Of Visa Bulletin 5 January | Visa Bulletin 5 January

The Visa Bulletin 2100 is out and it's a full blown attack on the people that are in the business of visa debit card fraud. This new legislation by the United States government is really hitting the nail on the head and it's really putting the power back in the hands of the consumer. We've seen this with the Iran Visa Scam which shut down and it was only through the strength and will of the consumer that the country was able to get back on track. This new law as mentioned below is a direct result of the Visa Bulletin 2100 January.

It goes without saying that those who abuse the system will pay the price and that's exactly what is happening right now. You can be sure that the penalties will continue to increase until such time as our politicians realize what they are doing and do something about it. Visa has warned in the past that if their members were going to stop using their cards for fraudulent purposes then they would have to increase the fees. Well, that has happened and the penalties have just been increased. If you don't mind having to pay a few extra dollars every month, then fine, but if you want to protect yourself and your family from any potential harm, then take heed of what this means.

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Anyone who has an unsecured Visa debit card and does not use it for their intended purpose is putting themselves at great personal risk. Criminals have developed a technology to duplicate Visa debit card numbers much like they have perfected the codebreaking methods used to break into your home or office. These numbers have been used to apply for a variety of things such as travel discounts, online account numbers, loans and more.

These criminals also have the capability to access your bank accounts to steal your money and your identity. In fact Visa and Mastercard have put together a special software package that you can download onto your computer that will essentially do everything for you. You don't have to do anything but sit back and let this system does all of the work for you. This software is called VAMpeg and it is available free from Visa.

In VAMpeg, all you need to do is load it up with all of the available information regarding your Visa or Mastercard cards. Once loaded, you can then monitor your account activity. When suspicious or fraudulent activity shows up in your account, it will alert you via text message or email.

By monitoring the activities on your account you can make changes if necessary and let the institution know what is going on. They will also be able to take measures to stop the fraudulent activity before it gets out of control. VAMpeg can be used by anyone to catch someone in the act of trying to defraud the company. It will record all of the suspicious transactions on the VISA or Mastercard debit card. The transaction data will then be sent directly to the company through their secure connection to the internet.

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You will not need any specialized knowledge or training in order to use this system. The VAMpeg system will provide you with a graphical interface that anyone with even the most rudimentary knowledge of computer can use. Any type of PC that has an internet connection can be used to access your account and monitor the transactions that are occurring.

Protecting yourself from fraudulent purchases on your Visa or Mastercard cards requires nothing more than being aware that these accounts are accessible and being vigilant in keeping an eye on them. You can save yourself thousands of dollars in unauthorized charges each year if you are proactive in dealing with these potential scams. You must not wait until you become the victim. Do everything in your power to prevent these types of activities from taking place.

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