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Mr. Montague is the founder and President of The Fraud Practice. He has spent the last

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Press Release - Use your ATM PIN only at ATMs or you'll pay the price!

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Use your ATM PIN only at ATMs or you'll pay the price!

Always save your PIN for ATM transactions only!

Red Bank, Sept. 1 2008/The FraudBlog Newsletter/- Every time I speak publicly, or when I tell people what I do for a living, I get asked this question. My answer has always been to use your credit card or your debit card, as a credit card, but save your pin for ATM transactions only. For us in the business we generally understand our rights and level of protection, but I would imagine few of us really understand the actual legal rights and limits for each payment type.

If fraudsters strike, you often have stronger protection with credit cards than with debit cards. With credit cards, under federal law, you're liable for no more than $50 if fraud occurs, though most issuers don't hold you liable for even that much. With debit cards, your maximum exposure is $50 if you report it within 48 hours. Report it after two days, and you could be liable for up to $500. Take longer than 60 days, and you could be responsible for the entire dollar amount of fraud.

About The Fraud Practice

The Fraud Practice is a privately held US LLC based in Red Bank New Jersey. The Fraud Practice provides consulting services on eCommerce payments, fraud prevention and credit granting. Businesses throughout the world rely on The Fraud Practice to help them build and manage their fraud and risk prevention strategies. Utilizing best practices and leveraging key partnerships, our team of industry and technical experts offer customers a single source for learning how to design, deploy, review and integrate fraud prevention practices in their business processes and solutions.

Mr. Montague is the founder and President of The Fraud Practice and has spent the last fourteen years working in the eCommerce space, and is well respected for his business knowledge and thought leadership. His background includes an in-depth application of innovative solutions for preventing business to consumer e-commerce fraud. Mr. Montague also specializes in analyzing and implementing alternative payment systems such as credit cards, ACH and mobile systems. Prior to founding The Fraud Practice he held positions as the Director of Risk Solutions at CyberSource Inc. and National Principal at IBM Global Services.

Contact:

David Montague
President and Executive Consultant
The Fraud Practice LLC
Toll Free: +1 888 227 0402

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