November 23, 2018

Keeping your finances safe as you shop and spend this busy holiday season is important to us. Here are a few tips for spending safety during this busy spending season.

 

Details Really Do Matter

Fortify your wallet with two forms of plastic payment cards – credit and debit – and make sure you are aware of how much you can spend per day or per billing cycle on each one to avoid going over your spending limits.

Are you planning on shopping like a rock star by making a huge purchase? Call ahead! Alert your card issuer as soon as possible so that they can help pave the way to a smooth transaction.
Make sure you’ve updated your credit union card accounts with your current email, cell number and address. Purchases can be denied over something as minor as entering the wrong postal code if it doesn’t match your address on record.

Keep Safety Top of Mind

Always put your plastic payment cards back where they normally reside in your wallet. Hasty purchases can lead to misplaced or lost plastic, which will result in delays while you wait for a replacement.

Many retailers today accept Apple Pay, Samsung Pay and/or Android Pay. These forms of payment utilize your mobile device to create a safer payment experience using tokenization. A tokenized form of payment replaces your payment card number with a secure encrypted digital payment that can’t be used again. Who doesn’t love that idea? Ask your credit union if they participate and sign up today to take advantage of this convenient and secure payment option.

Avoid patronizing unfamiliar online retailers that offer “deals of the century.” These online merchants may not even be legitimate; the only thing they are in the market for is your credit card information. Stick to trusted retailers and brands that you know in order to avoid fraudulent activity on your payment cards.

If you see an unusual transaction on your debit or credit card statement, it is imperative that you report this to your credit union immediately to ensure that your financial accounts haven’t been compromised – and that they remain safely out of criminals’ hands.

Ask your credit union what options are available for you to closely monitor your financial accounts. Online banking apps, security alerts and SMS text messaging are commonplace today and highly recommended as a means to stay safer. Greater awareness means greater security.

It helps to be proactive and work with GHS Federal Credit Union to help keep your information safe.

Reference:

Retrieved, November 23, 2018 from: https://www.cuinsight.com/holiday-shopping-safety-tips-to-share-with-your-members.html?utm_source=CUinsight+Email+List&utm_campaign=cec8610c8f-EMAIL_CAMPAIGN_2018_11_19_01_12&utm_medium=email&utm_term=0_601789497f-cec8610c8f-307637501