Directive Blogs

These days most consumers lean heavily on their payment cards. Whether they use credit cards, debit cards, or gift cards, consumers today are much more apt to use their card then they are to use cash. Why is this? Convenience mostly, but also there is a belief that using a payment card is more secure than walking around with a wad of cash in your pocket. Today, we will get to the bottom of the matter.

For many consumers, carrying cash is a rarity. Debit and credit cards have taken over as the most widely used payment method. The convenience of not being given a handful of loose change must come at a price -- so how much will it cost you? 

With more than $16 billion being scammed from more than 16 million people, there is clearly an issue at hand that could use some expert insight. Those who are familiar with Steven Spielberg’s Catch Me If You Can might know that the movie was based on the memoirs of Frank Abagnale, former con man and longtime security consultant of the FBI. With his 45 years of experience with the bureau, Abagnale can safely by considered an expert in cybersecurity and fraud protection.

Cards are one of the most common methods of making payments these days, as it’s simply more convenient than carrying a ton of cash on you at any given time. Still, if your business takes card payments, it puts you in a place of vulnerability. Considering how often payment cards are used for transactions, you need to take action now to keep your company from experiencing data breaches related to payment information.