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AT&T To Use Phone Geolocation To Prevent Credit Card Fraud

Posted by timothy on from the so-be-good-for-goodness-sake dept.

jfruh (300774) writes "Imagine you've spent years making credit card purchases in your home state of California, and suddenly a bunch of charges appear the card in Russia. Your bank might move to shut the card down for suspected fraud, which would be great if your account number had been stolen by hackers — but really irritating if you were on vacation in Moscow. AT&T is proposing a service that would allow customers to let their bank track their movements via their cell phone, to confirm that you (or at least your phone) and your credit card are in the same place."

3 of 228 comments (clear)

  1. Or call your credit card company ... by perpenso · · Score: 5, Informative

    Or call your credit card company before you leave and say you will be traveling in country X on these days.

    1. Re:Or call your credit card company ... by Frosty+Piss · · Score: 4, Informative

      Tried that. They still blocked the card after my first transaction abroad. You are making the mistake of thinking banks have processes that meet your needs, rather than their needs.

      I bank with B of A, and travel a few times a year to far away places. I've never had this issue. Perhaps you need to look into a different bank?

      --
      If you want news from today, you have to come back tomorrow.
    2. Re:Or call your credit card company ... by PRMan · · Score: 3, Informative

      ALWAYS have 3 credit cards from 3 different banks. (Preferably VISA, MC and either Discover or AMEX). Diversification is the only way to win.

      --
      Peter predicted that you would "deliberately forget" creation 2000 years ago...