Having gone through a number of credit card numbers as a result of suspected fraud over the years, I empathize with your caution. That is exactly why I use Apple Pay or PayPal whenever possible for credit card transactions. Either dramatically reduces the exposure of my credit card numbers either in storage and especially during transmission. But realistically there is no way to keep credit card information off of the internet. Even if you never buy anything on the internet the information is in the bank's records and therefore vulnerable. In the end all anyone can do is take reasonable precautions and do business with financial institutions that have aggressive and vigilant fraud protection programs.
A piece of advice learned the hard way: Credit Card losses due to fraud are limited to $50 by federal statute.Debit card losses have no loss limit protection and can potentially exceed the balance of your account, even your net worth. (FTC article 0213) Don't risk using your Debit card on the internet, and don't have debit card on any account that has overdraft protection.
Last edited by joemikeb; 10/29/2009:25 PM. Reason: overdraft note
If we knew what it was we were doing, it wouldn't be called research, would it?
