Consumer Payment Card News

ID Impact

A new poll reveals that 60% of adults who have had their identity stolen lost money as a result. More than two out of ten say they have not yet been able to recover their loss. The “Wall Street Journal Online/Harris Interactive Personal Finance Poll” also found that 16% of adults say they have had their credit or debit card used by someone they don’t know without their permission. More than 60% of adults say they trust credit card insurance companies. Retailers, however, have some work to do as 52% say they trust retailers very little or not at all to protect their personal information. In an effort to help prevent identity theft, about seven in 10 adults say they watch for suspicious activity on their accounts, shred mail that contains their account numbers and/or limit access to their Social Security number to prevent identity theft.

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