Keeping members virtually safe – should you issue consumer virtual cards?

first_imgIt’s well known that as chip cards and chip card readers are putting a big dent in fraud conducted at the point-of-sale (counterfeit fraud), the bad guys are shifting their efforts to committing fraud online. E-commerce fraud (52%) clearly outweighs swiped fraud (28%) on credit cards, with debit card fraud still experiencing swiped fraud, since not as many debit cards have been reissued with chips – that will change by the end of this year. Meanwhile, ecommerce breaches are popping up in the news with increasing frequency.What can a credit union do to help members stay safe when shopping online? One solution is to offer virtual cards. A virtual card is a separate temporary card number, associated with the member’s credit card account, randomly generated. The temporary card number has no real-life plastic version – it only exists as a number, an expiry and a CVV2.When a member wants to shop online at a site that is not known or trusted, or give a card number over the phone to a merchant that the member has reason to believe may not keep the card number secure, the member goes online, requests a virtual card, copies the card number onto the e-commerce site, or reads the card number over the phone. Think of the virtual card number as a token representation of the real card – a token that looks like and works like a credit card. continue reading » 11SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

USC Chip Health Fair serves the local community

first_imgMore than 30 organizations came together on Saturday for the USC Community Health Involvement Project’s seventh annual Health Fair at Hoover Street Elementary School. By hosting the fair, CHIP hoped to promote community health and prevent avoidable diseases through providing basic health screenings to the local community. This year, the fair featured a luau-theme along with the free health screenings.“We have a lot of different booths,” said Danny Le, the administrative director of CHIP. “This includes health-related organizations like the School of Pharmacy, CPR and Hawaii Club to spread cultural awareness.”CHIP was first established in 2008 by several students to provide underserved communities around USC with basic health screening services and information about prevalent yet preventable health problems. After three years of hosting the health fair on McCarthy Quad, CHIP collaborated with the Los Angeles Unified School District to branch out into the community. Aside from health fairs, the organization hosts an array of events such as fundraisers, basic screening opportunities and training programs for future volunteers.“The purpose of this whole event is to really bring together all community members with different screenings,” Le said. “That way, we can really educate the community in how to prevent disease, primarily cardiovascular disease.”CHIP currently has more than 100 active members, consisting of students from different majors and backgrounds.According to Jessica Thai, administrative director of CHIP, volunteers can just come out and have fun with kids as well.“We take volunteers from all organizations whether or not they are health majors,” Thai said. “We had a lot of APO [Alpha Phi Omega] volunteers come out and help just setting up canopies, working with the kids. The kids’ booths don’t require any screening knowledge — you can just come out and teach kids about science, buoyancy or nutrition.”last_img read more