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Watch your credit card when eating out |
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News
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Saturday, 10 December 2011 11:12 |
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The Hawks have called on the hospitality sector to implement better vetting processes when hiring staff.
Commercial crimes unit head Lieutenant-Colonel Jerome Hardenberg said at a press conference in Green Point that many waiters who had been fired for credit card fraud could often easily walk into new jobs.
SA Banking Risk Information Centre (Sabric) chief executive Kalyani Pillay said yesterday the banking sector lost R19.9 million from October 2010 to September 2011 to “card not present” category crimes – those in which criminals had only the card details, no physical card.
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Keep Track of Your Credit Record |
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Saturday, 10 December 2011 11:15 |
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According to the Credit Bureau Monitor's most recent report, there were 8,8m SA consumers with impaired credit records in the second quarter of this year - over 174 000 more than in the first quarter...
This took the percentage of credit-active consumers with impaired records to a total of 46,7%, with 18,5% being three months or more in arrears, 13,9% having adverse listings and 14,3% having judgments and administration orders against them.
And yet, according to a recent poll conducted by bond originator ooba, 69% of SA consumers don't know what their current credit status is - a very worrying situation, according to ooba's property finance processing manager Kay Geldenhuys, because it means that many people with impaired records are not even aware that they are on a "blacklist".
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