Saturday, February 9, 2013

ID proof to curb credit card fraud in KSA

 PHOTO: Credit cards


Credit card fraud has become commonplace in the Kingdom to the point that a number of major retailers have began demanding credit card users' identification proof.
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Ahmad Mansour, a cashier supervisor at one of Dammam's big stores, told a local newspaper the procedure for verifying customers' IDs is based on an agreement between the company and the banks. It is aimed at protecting bank clients while sparing retailers the hassle and expense of following up on possibly illegal transactions such as the use of a stolen credit card.
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Mansour said although the retailer is not legally responsible in the case of credit card fraud, it still must follow complicated and time-consuming procedures to assist in resolving the case.
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He said some customers initially refused to present IDs, but the company has now made it clear that presentation of an ID when using a credit card is mandatory.

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Read more: http://www.zawya.com/story/ID_proof_to_curb_credit_card_fraud_in_KSA-ZAWYA20130209061734/

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