What are the different types of fraud protection programs?

Fraud protection programs help to protect consumers from becoming victims of credit card fraud. In California, several different types of fraud protection programs are available. One type of fraud protection program is a Zero Liability program. Under this program, credit card customers will not be held liable for any fraudulent charges on their card as long as they report them promptly. Another type of fraud protection program is a fraud alert service. This service allows cardholders to receive notifications when there are suspicious activities on their accounts. It also alerts banks when a customer’s information is being used for fraudulent purposes. A third type of fraud protection program is two-factor authentication. This program requires customers to enter a one-time code when making online purchases or other transactions. The code is sent to the customer’s phone or email address, and it must be entered in order for the transaction to be completed. The fourth type of fraud protection program is 3-D secure. This program verifies the customer’s identity before the transaction is completed. It requires cardholders to enter a password when making online purchases. Finally, there are fraud prevention services that are available to both merchants and consumers. These services provide information to merchants about potential fraudulent activities, and they also monitor consumer accounts for suspicious activities. Overall, California has a variety of different fraud protection programs that can help to protect credit card customers from fraud. These programs provide customers with peace of mind when making transactions and help to keep their information secure.

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What are the different types of fraud protection programs?

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