Visa to help consumers monitor identify theft

Over the past decade, technological advancements have made it easier than ever for a consumer's credit card and bank account information to end up in the hands of criminals.

As a result, many companies have put in place services meant to supply consumers with better account monitoring capabilities. For example, Visa recently announced its new PayWave mobile payment system would come equipped with added protections.

The company says PayWave, which is scheduled to hit the market in the second half of 2011, will give consumers real-time identity theft alerts, industry news provider CNET reports. This will give cardholders the ability to monitor their credit while on the go, as up-to-date account balances and purchase histories will be available with the click of a button.

With this program, consumers can spot unauthorized purchases and alert the bank if an account has been compromised. After informing their financial provider, customers should check their credit reports to make sure this fraudulent data has been removed.

If consumers experience trouble removing the charge, they may want to contact a credit lawyer. By doing so, consumers may gain the added advantage of having an experienced professional working with them to investigate their claims.