Credit cards Updated:
Consumers travelling abroad have been advised to ensure they are prepared to make payments by a variety of means.While many holidaymakers will choose to use plastic cards, such as a reward credit card, HSBC has noted that there can be a greater risk of fraud in other countries.Spokesperson for the bank Tim Pie explained that thieves may follow tourists to cash machines or around shops."There are gangs in places like the south of Spain who trawl the beaches stealing people's details ... because they know we are relaxed on holiday and our guard is down," he said.Mr Pie suggested that those going abroad inform their bank in order to prevent credit cards being blocked, as institutions are attempting to protect customers by cancelling suspicious overseas transactions.Figures from UK payments association Apacs have revealed that fraud committed abroad accounts for 40 per cent of all plastic card losses.
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