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PULSE Releases Fraud Prevention Tips To Use Throughout The Year

June 30, 2008

HOUSTON--(BUSINESS WIRE)--June 30, 2008--As ATM/Debit Card Safety Awareness Month comes to an end, this week the PULSE(R) debit network releases Fraud Prevention Tips.

Although debit is a secure and convenient form of payment, it is a good idea for consumers to take some basic precautions when using their debit cards. Important steps consumers can take to prevent financial fraud include:

Fraud Prevention Tips

  • Shred all financial documents and records before disposing of them.


  • Destroy unused or expired credit, ATM and debit cards.


  • Remove mail promptly from your mailbox.


  • Match receipts to monthly billing statements.


  • Memorize PINs, passwords and Social Security numbers - do not store them in your purse or wallet.


  • Use longer, more complex passwords and PINs, and change them periodically.


  • Sign all credit cards and debit cards immediately upon receipt.


  • Notify account providers of address changes in advance.


  • Immediately report a lost or stolen card and any unauthorized activity on any account.


  • Never use your PIN as a password.

A comprehensive list of ATM/debit card safety tips is available at www.pulse-eft.com/public/group/consumer/atmdebitsafety.html. PULSE also offers a brochure containing fraud/identity theft prevention tips, which can be downloaded at www.pulse-eft.com/public/group/consumer/atmdebitsafety/idtheft.html.

About PULSE

PULSE is one of the nation's leading ATM/debit networks, currently serving more than 4,500 banks, credit unions and savings institutions across the country. PULSE is owned by Discover Financial Services (NYSE: DFS). The network links cardholders with more than 265,000 ATMs, as well as POS terminals at retail locations nationwide. The company is also a valued resource for industry research related to electronic payments and is committed to providing its participants with education on evolving products, services and trends in the payments industry. For more information, visit www.pulse-eft.com.

CONTACT: PULSE
Anne Rhodes, 832-214-0234
arhodes@pulse-eft.com
or
GolinHarris
Hazel C. Cobb, 972-341-2537
hcobb@golinharris.com

SOURCE: PULSE