3 Ways To Use Technology To Prevent And Catch Financial Fraud

Small businesses handle more cash on a day-to-day basis than most individuals handle in a month. How do you fight against fraud and e-crime?

Here are some simple tips to avoid e-crime and financial fraud:

1. Check your account balances each day.

 Apple’s iPhone makes this incredibly easy with facial recognition, all you have to do is to look at your phone when you open up your banking app and you are logged in. You can easily check four banks/credit cards in one minute.

2. Get transaction alerts. 

Nearly every credit card and the bank will let you set alerts based on a purchase size or balance threshold. You can choose to get an email or text based on your own criteria.

3. Use Apple Pay or Google Wallet for in-person purchases.

You can pre-load your credit cards on your phone and just tap to pay. It’s more secure than wiping or inserting a credit – and much more convenient.

When you combine these three things you will make it much harder for the bad guys to come to steal your $$$. For more security tips, read our blogs.