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Alice In Credit Card Land

Sam Vaknin's Psychology, Philosophy, Economics and Foreign Affairs Web Sites




Your credit card is stolen. You place a phone call to the number provided in your tourist guide or in the local daily press. You provide your details and you cancel your card. You block it. In a few minutes, it should be transferred to the stop-list available to the authorization centres worldwide. From that moment on, no thief will be able to fraudulently use your card. You can sigh in relief. The danger is over.



But is it ?



It is definitely not. To understand why, we should first review the intricate procedure involved.



In principle, the best and safest thing to do is call the authorization centre of the bank that issued your card (the issuer bank). Calling the number published in the media is second best because it connects the cardholder to a "volunteer" bank, which caters for the needs of all the......


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Approximate Word Count: 1199
Approximate Pages: 5 (250 words per double-spaced page)

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