STCU’s Post

New use cases and solutions are making real time the default expectation for consumers and businesses. Hear from three industry experts at the forefront of real-time payments as they discuss how far the real-time payments phenomenon has come, and where it is going. https://fisv.co/44d9CwU

Best practices for users to remain safe Do not share your card in-formation over the phone or internet with ANYONE, irrespective of whether you know them or not. Do not give any card or personal information while answering a telephone call where the caller claims to represent the card issuing bank or any related organ-ization. You can always call back the bank on publicly displayed numbers, if re-quired. While making payment at a merchant location or ser-vice provider like restau-rants, etc, insist on punch-ing in your PIN rather than hand over your card for pro-cessing the payment. Always check the bill. Always retain the transac-tion receipt for comparing against the card statement that you receive at the end of the month. Most people throw this away and do not match against the amount charged in the statement. Do not throw away the transaction receipt when you are done with it. Tear it or shred it. Dumpster divers are known to sift through garbage bags meticulously and retrieve all your card re-lated information that can then be used to conduct unauthorized purchases, especially over the internet. While using an ATM, en-sure that no one is watch-ing your finger movement as you type your PIN. Watch out for cameras within the premises that can easily capture your PIN number. Try and cover your hand while you type in the PIN. Always memorize your card and PIN numbers, and in case of any loss or theft, report immediately to the concerned bank so that they can temporarily freeze your account and prevent any further unauthorized transaction until you re-ceive your card replace-ment. Never save your card pass-word in a regular folder in your computer hard drive or email account. If the ac-count gets hacked, there is every possibility that an un-authorized transaction will take place. While making a payment over the internet, check for the security logo on the website confirming it as a safe site. If in doubt, check with the concerned compa-ny before making any such payment. Avoid keeping your credit or debit card in the wallet. In case your wallet gets sto-len, you will at least have access to money at that moment. Download banking apps di-rectly from the bank web-site and avoid using links that you receive via email or SMS to download your banking app. As card users, have to do your part towards secur-ing your hard earned mon-ey, while the banks need to work harder towards secur-ing information and money. #cybersecurityawarenessmonth2023

So, picture this scenario: You're at the checkout, ready to pay, and then... your credit card gets declined. Not the best feeling, right? But hey, it's not the end of the world! Here's what you can do:   First off, check the error code that pops up. This code is like your digital breadcrumb, leading you to the reason behind the decline. Once you've got that code, it's time to play detective. - AVS Fail (Address Verification System): This happens when the billing address does not match the address on file with the credit card. - Insufficient Funds (Code 51): This occurs when there isn't enough money in your account to cover the transaction. - Expired Card (Code 54): Your credit card has passed its expiration date. - Transaction Not Permitted (Code 57): The transaction you're attempting is not allowed for your card (e.g., online transactions or international payments). - Wrong Card Number (Codes 14 & 15): Incorrect entry of the card number. - Wrong Security Code (Code 63): Incorrect entry of the CVV or CVC code.   Next, identify the issue. Is it a problem with your card itself, or could it be that you entered some of your personal data incorrectly? Double-check everything to pinpoint the exact hiccup.   Now, it's action time! Depending on the error code and your detective work, you might need to try the transaction again, get in touch with your bank for assistance, or simply reach for another card. Flexibility is key here!   Remember, understanding these codes puts you in control, turning a declined transaction into a minor bump in the road. Keep calm, follow these steps, and get back to enjoying seamless transactions in no time!   #ThePLDGroup #CreditCardDeclines #FinancialKnowledge #SecureTransactions

New use cases are making real-time payments the default expectation for consumers and businesses. Hear from three industry experts in forefront of real-time payments.

New use cases are making real-time payments the default expectation for consumers and businesses. Hear from three industry experts in forefront of real-time payments.

New use cases are making real-time payments the default expectation for consumers and businesses. Hear from three industry experts in forefront of real-time payments.

New use cases are making real-time payments the default expectation for consumers and businesses. Hear from three industry experts in forefront of real-time payments.

New use cases are making real-time payments the default expectation for consumers and businesses. Hear from three industry experts in forefront of real-time payments.

New use cases are making real-time payments the default expectation for consumers and businesses. Hear from three industry experts in forefront of real-time payments.

New use cases are making real-time payments the default expectation for consumers and businesses. Hear from three industry experts in forefront of real-time payments.