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Growing number of drivers claim to be victims of gas pump card skimming.

BANKING AND CREDIT NEWS-June 26, 2019-Growing number of drivers claim to be victims of gas pump card skimming

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Twenty-three percent of American drivers suspect they've been a victim of credit card or debit card skimming at a gas pump in the past 12 months, according to a new report from CompareCards.com, the company said.

That's up from 15 percent just a year ago, and concerns over skimming are more and more people to change their payment habits at the pump.

Skimming is a type of fraud in which card data is stolen by attaching hard-to-detect devices to ATMs or gas station payment terminals. These devices read and store the data, which is transmitted to the fraudsters, who then either sell the information or use it themselves to make fraudulent purchases.

CompareCards provides easy-to-use, objective tools and educational resources that help people do everything from making credit card comparisons to managing their credit health. For more information, visit www.comparecards.com.

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Publication:M2 Banking & Credit News (BCN)
Date:Jun 26, 2019
Words:180
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