Growing amount of the financial transactions, people are
doing online and through the phone with their credit cards is steadily growing.
In parallel, goes up the volume of the financial fraud associated with this
kind of activities. Since credit
companies usually safeguard you, and mostly themselves from the money losses
associated, the account monitoring is always enabled through the special
professional groups. You get alert every time, when the suspicious transaction
is noticed, and you have a chance to confirm or reject it promptly.
But, if are still paranoid on the possible negative
consequences, or you want to be absolutely in charge of what is going on your
credit cards accounts activities, you can add an additional level of security
on top of the one, credit companies are already providing. This additional
level of security can be spelled as BillGuard.
BillGuard is a
free personal finance security service that alerts you to unwanted and
unauthorized transactions on your credit card and debit card bills. Here's how
it works.
You part is
simple and straightforward. You register all your credit cards on the site, and
let service to monitor them real time.
BillGuard scans
your card activity daily for hidden charges, billing errors, forgotten subscriptions,
scams and fraud, and alerts you via email when your attention is required. Each
new transaction is analyzed by over 100 automated tests. BillGuard also scours
the web for complaints posted by others about similar charges and merchants
that appear on your bills.
A scan report is
emailed to you monthly, providing a quick overview of BillGuard's findings and
an indication of how clean your cards are. Alerts are emailed immediately,
giving you the peace of mind to use your cards freely. Reviewing and verifying
questionable transactions makes BillGuard smarter
and better at protecting you and everyone else.
and better at protecting you and everyone else.
The advantage of
having the BillGuard online account is not limited to the monitoring for fraud
and illegal transactions, but that will also keep your financial activities all
together, helping to located legitimate, but unneeded charges, you may not be
noticing, like for 24-hours Fitness you stopped attending, or subscription for
American Baby Magazine, started when your teenager son has just been born.
But you want to
ask how secure is your data at BillGuard? You do not want to add one more leak
source for the private financial information, in any case. BillGuard assures
that your data privacy and security is our #1 priority for the service
activities, and always will be. BillGuard has been engineered from the ground
up to comply with and even exceed the industry's highest security standards for
financial data. BillGuard makes money by providing card protection services to
banks, so I guess, it is reasonably safe to assume that your data will be safe
there.
BillGuard
utilizes bank-level AES 256bit encryption for all communications and all data
processing is performed on servers isolated from direct access to the Internet.
The systems are monitored by our own security staff 24/7 and audited daily by
Verisign and McAfee HackerSafe. Regular penetration testing is performed by
Security-Art.
Also, when you
register a card with BillGuard, you provide site servers read-only access to
your credit/debit card statements online. This is required for BillGuard to
monitor and protect your card activity daily. Even in the unlikely event that
someone would hack into your BillGuard account, they would not be able to
transfer money or make any changes to your financial accounts.
BillGuard does
not store your credit/debit card account login credentials or ask for any
personally identifiable information beyond an email address (for alerts) and
your zip code.
Experts agree on
the site reliability and safety. Just recently BillGuard got Best of Show at Finovate 2011!
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