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Tips for Secure Credit Card Usage

Walker & Armstrong LLP • Jul 13, 2020
Best practices and strategies to avoid fraudulent use of your credit card:
  • Import credit card data directly into your accounting system.
  • Distinguish card usage for business versus personal transactions.
  • Issue cards to individuals rather than sharing a business card.
  • Understand the billing cycle; keep balances low, and pay your bill on time and in full.
  • Avoid unnecessary balance transfers between cards.
  • Monitor your charges regularly, either online or via your monthly statement.
  • Ask frequently used vendors whether they have "purchasing” cards that work only for their locations (e.g., fuel cards).
  • Never enter your credit card number when using unsecured public Wi-Fi networks.
  • In making online purchases, use only secure website addresses that include the "https" prefix.
  • If you do not initiate the call, do not share your card number with unverified representatives.
  • Do not email or say in public your card number or security code.
  • Choose your passwords carefully, and change them regularly.
  • Disable autofill in your browser.
  • Log out after every transaction.
  • Shred receipts.
  • Consider the use of mobile apps (such as SAP Concur, Genius Scan, Expensify or Rydoo) to capture credit card activity, submit transactions for business reimbursement, and maintain for recordkeeping.
Contact us if you want to know more about best practices and secure credit card usage.

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