This past month MyChargeBack continued to enhance its global status as a
payments industry thought leader. In a recent Fox News article relating to
Black Friday scams, MyChargeBack Vice President of Global Operations,
Michael B. Cohen, was a key contributor. Mr. Cohen shared his advice on how
consumers can stay safe while shopping online. Our international clients may
already have noticed that his advice was quoted as well in Panama,
Denmark, Poland, and India. Meanwhile, SGI, a major Canadian insurance company wholly owned by the
government of Saskatchewan, even shared our advice for the benefit of its own
customers across five Canadian provinces on its website.
Regardless of where you live, here are our top tips for shopping online:
Shop on websites of retailers you recognize
Verify that the website is genuine and not a clone
Only use encrypted payment options
Remember that advertisements on social media that contain embedded links to outside websites can be spoofed
Don't take a chance on a hard-to-believe price -- if it seems too good to be true, it probably is!
Online merchants who only permit transactions in cryptocurrency
should be considered suspect because they can then disappear without a
When shopping online, don’t make purchases over free Wi-Fi
networks, since hackers can easily gain access to them and compromise
Payments Cards & Mobile
Later in the month, Payments Cards & Mobile, an award-winning British
magazine geared for senior executives in the payments industry, distributed to
subscribers its annual market analysis, with a preview of industry trends
predicted in 2021. We are pleased to note that the survey also
mentioned MyChargeBack and quoted Cohen:
Doubts about online security are just one of the many challenges high-street
banks face as they seek to digitise. As Michael Cohen, Vice President of
Operations at MyChargeBack puts it, “incumbent banks have been gradually
developing their digital banking services while retaining their branches. But
that’s not good enough for increasing segments of the [consumer] population.”
Card Not Present
This month, Card Not Present, the online hub for news, information and
analysis about the payment issues that most affect merchants, and The Green
Sheet, a leading news source for the payments industry, both publicized our
latest MyChargeBack White Paper, Network Effect: The Consequences of
COVID-19 on Banking, Commerce and Consumers May Be Permanent and
Profound. So if you have not read our White Paper yet, feel free to download it
Disclaimer: MyChargeBack provides free consultations. Chargeback and other fund recovery programs contracted thereafter are subject to retainers, fees and/or commissions depending on the individual case history and the type of service selected. MyChargeBack does not offer any financial investments or advice.
MyChargeBack is a registered trademark and a trading name of Cactil LLC, registered in Delaware, USA under company registration no. 6124277. MyChargeBack is an associate member of the American Banker Association (ABA) and the Financial Services Complaints Ltd of New Zealand. Cactil does not provide services to residents of England and Wales.
Cactil is registered with the Information Commissioner’s Office in Respect of the Data Protection Act 2018, Number: ZA664835. The office address of Cactil LLC is 1441 Broadway, 3rd Floor, PMB #3111, New York, NY 10018.
MyChargeBack regardsphishing and spoofing attemptsagainst our clients very seriously. We advise you to verify that the email you receive from MyChargeBack is indeed sent from mychargeback.com. If you are sent any type of communication carrying our name that looks suspicious, please forward a copy to us at[email protected]