Cards and Frauds

There has been a spate of credit card frauds all over the world. Cards are being used in four continents while the holder is blissfully sleeping in another time zone. Why does this happen? Because no one follows instructions. Have you ever seen the salesperson at the desk compare signatures? In any case, it is difficult since the space given for your signature is so small that even a bad forgery can get by. The only solution is to make photo cards mandatory. And the photograph must be at least one-fourth the size of the card to give a proper perspective and opportunity to compare it with the person presenting the card. If even after this there are frauds where the holder is not even present in that town, the merchant and the company shall be liable, not the holder.


- T R RAMASWAMI, (ET)