Paper Peviews

Plastic security card

Having a credit card or plastic security card seems as if it would offer a sense of security for employees, consumers, and stock. A recent report by the US Federal Bureau of Investigation notes that you may not be a secure as you think. Any way that has previously existed to create plastic security cards can always be matched by scammers. This piece will investigate how counterfeiters can match methods used to make MasterCard or Visa cards. Since these two cards account for about 65% of all the outstanding credit card debt in the US, most fraud schemes are centered on one or both of these entities. It’s clear that if these two corporate entities can be hit with fraudulence, no company is safe from the same threat.

Plastic card

It used to be that scam artists would forge a plastic credit card by simply printing a background and company logo on a blank white card. Unfortunately, the card counterfeiters have evolved their duplication process into a multi-step procedure that uses not only card printers but also embossers (for raised lettering), laminators and foil tipping of embossed lettering. In fact, counterfeiters are now capable of using counterfeit holograms and fully encoded false magnetic stripes in their products. Thanks to computers, printers, and blank cards, con artists now have the tools for even more convincing forgeries.

Plastic card UK

However, a newer plastic credit card can have the old hologram replaced by a computer chip. A chip placed in these “smart cards” will harbor a more secure brand of information at the “cost” of PIN (personal identification number) verification to use them.

If you are a UK business owner who uses a plastic security card, you have to stay on top of counterfeiters’ attempts to duplicate a plastic card.