Lost Card

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Lost Card

A credit card or debit card that the cardholder has reported missing. A lost card may also be one that the cardholder never received because it never came in the mail. Lost cards are canceled and replaced.
References in periodicals archive ?
As you will see, you have various options from new ID applications to replacing lost cards.
We believe that the new card standard enables us to provide a higher level of cardholder protection against fraud, thus improving the customer experience and reducing bank's losses from unauthorised transactions with stolen or lost cards.
One can control the times employees are allowed to gain entry into one's facility, delete lost cards without leaving one's office and know exactly who entered one's facility and exactly the time they entered (everything can be controlled from a simple PC interface), lock or unlock all doors at once during an emergency and know exactly what time one's employees in Knoxville are coming to work from one's office in Virginia.
They can also pay their credit card bills; receive cash advances from credit cards; apply for new ATM and debit cards; activate new credit cards; as well as report and block stolen or lost cards (debit and credit).
Leveraging the Paytronix API to integrate with Forwards VeriFone POS, the updated Forward Rewards program provides multiple ways to identify and connect with members and eliminates both expensive RFID technology as well as the inconvenience of replacing lost cards.
The bank said that the ATMs are capable of conducting biometric ID scanning, video teller services and dispensing lost cards and Internet banking tokens.
CARD REPLACEMENT & PASSPORT ASSISTANCE SERVICE: Apart from informing the banks and initiating blocking, incase of lost cards, individuals who opted for CPP service will be aided through the procedure of getting the lost card replaced.
Citizens, however, will have to pay a fee to replace lost cards.
There would have to be a network of outlets selling the cards, places to top them up and administrators dealing with lost cards and the like.
When coming to bank counters or ATMs they should always be accompanied by trustworthy persons, immediately report lost cards, or any exposure to fraud.
Because of the lost cards and requests for replacement, about 400,000 hours are used updating the details of the cancelled cards, said Angus Sullivan, consumer finance manager of Commonwealth Bank.
Apart from the cost of replacing lost cards, the system could only cope with 3 time bands, and with the multiple shifts we operate, this really was a limiting factor as we had to manually input the data which was very time consuming.