Prepaid Cards UK for Online Christmas Shopping
It is estimated that Christmas shoppers will spend 16 percent more this year online. Shopping online? Follow these tips on how prepaid cards can help prevent against online fraud.
The number of cards registered with online passwords for Verified by Visa and MasterCard SecureCode is up by 32 percent to 70 million from this time last year.
The UK Cards Association is running a Be Card Smart Online campaign to ensure shoppers stay safe online as more than 32 million Brits have purchased items this way in the last year.
This figure is up 39 percent from the 23 million who shopped online five years ago.
To help prevent online identity fraud compare prepaid credit cards can help you keep track of your spending.
“Our Be Card Smart Online campaign has definitely played its part in driving down online fraud losses and we urge anyone planning to shop online this Christmas to remind themselves of our common sense advice,” said Katy Worobec, The UK Cards Association head of fraud control.
Research by CIFAS has shown there have been nearly 80,000 cases of identity fraud in the first nine months of the year, an increase by almost 10 percent.
Over 70,000 victims of impersonation were also recorded - an increase of 18.38 percent from the same period in 2009.
While Action Fraud has revealed the average number of daily visitors to their site seeking advice and help on fraud has risen by 319 percent in the last six months.
The five most commonly reported types of fraud were online shopping and auction fraud, advance fee frauds, application frauds, non-investment fraud, and online dating fraud.
Prepaid Cards UK
A prepaid card UK can help a card user keep track of their money through the online service showing exactly where they have spent their money.
Additionally, if the card were to become a victim of fraud it can be cancelled like any other credit or debit card and it is impossible for the fraudster to spend more than the total amount of money stored on the card, so the card user will not get overdrawn from this.