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Credit card security: What's new?

Do you use your credit card online or have your been overseas recently? Even if you answered no to both questions then there is still a chance that you could be the victim of credit card fraud.

This issue has become big business and companies are investing millions into protecting your money. The latest innovation is a brilliant idea from BNZ called “LENSecure”. LEN or Liquid Encryption Number works by updating the security information each time you use a BNZ ATM for a balance enquiry, mini statement or cash withdrawal. By changing this information regularly it can stop someone making counterfeit copy of your card.

BNZ make recommendations to customer to regularly use ATM’s and to make specific trips when they return from overseas trip or think they may be at risk. This is peace of mind for customers and gives them more control over their own card security.

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