In September 2020, UK Finance published their half-year update, reporting financial loss by card fraud in the UK at £288.2m. This figure doesn’t include the fraud attempts that were prevented.
Financial fraud is huge business, and with the impact of Covid-19 driving uptake in online banking and digital wallets, fraudsters have adapted their tactics and social engineering scams to chase the money.
Identity theft and card fraud can have a very serious impact on the life of the victim, and nobody is immune to the attempts that fraudsters will make. Yet, despite the statistics and potential risk, many of us are still far too relaxed about protecting our card details, and we’re unfamiliar with the tactics used by fraudsters.
In this blog, we’ll show you some quick ways to notice fraud patterns fast and protect your finances.
Account security is the utmost priority at MuchBetter, and we go further than other card providers to protect your sensitive information.
MuchBetter accounts are protected with device pairing, touch ID, dynamic CVV codes and a transaction review system that ensures only legitimate transactions go through.
Device pairing
Your MuchBetter account is paired with your device, which makes it impossible for your account to be accessed on any device other than the one you originally set your account up with.
Dynamic CVV
Your MuchBetter Prepaid Debit Mastercard ® uses a dynamic CVV number (the 3-digit security number on the back of a card). This number is held in the MuchBetter app and changes each time you log in, meaning it will never be the same, making it one of the safest cards on the market.
Instantly freeze your card
If your card is misplaced or stolen, there is no need to worry about being able to contact us, because with MuchBetter you are in control. Freeze your card or payment key fob instantly from your app.
Order the safest debit card on the market from MuchBetter
If you are a resident in Europe, you can order your FREE MuchBetter Mastercard® today or order the unique payment key fob for just £10 (or currency equivalent).
*The MuchBetter Mastercard and key fob is only available to customers within the EEA. Your new card will be posted to your registered address within 7 – 10 business days. Please ensure you have entered the correct address at registration.
© 2025 MuchBetter | All rights reserved
MIR Limited UK Ltd: Registered office, Signature By Regus, Berkeley Square House, 2nd Floor, London, England, W1J 6BD. Regulation: Licensed and regulated as an electronic-money institution (EMI) by the UK Financial Conduct Authority (FCA) License No.: 900704.
QuickPay Limited: Registered office, The Black Church, St Mary’s Place, Dublin 7, Dublin, Ireland, D07P 4AX, registered under number 641373. Licensed and regulated as an Electronic Money Distributor of Sureswipe E.M.I. PLC trading as Revsto, which is licensed by the Central Bank of Cyprus to operate as a licensed Electronic Money Institution, license number 115.1.3.26.
Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
MuchBetter cards and wearables are issued by Paynovate SA pursuant to licence by Mastercard. Paynovate SA is an e-money issuer regulated by the National Bank of Belgium. Paynovate SA is registered with the Banque-Carrefour des Enterprises under number BE0506 763 929.
©MuchBetter and the images on muchbetter.com are protected by copyright 2025. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
© 2025 MuchBetter | All rights reserved
MIR Muchbetter Australia Pty Ltd (ACN 658 003 804)
(MIR AU or our) is a company registered in Australia and is authorised by the Australian Securities & Investment Commission (Australian financial services licence (AFSL) no. 540851). MIR AU is also enrolled as a reporting entity, and registered on the Remittance Sector Register, with the Australian Transaction Reports and Analysis Centre as a remittance services provider.
✤ Cards and wearable products are not yet available to customers in Australia through MIR MUCHBETTER AUSTRALIA Pty Limited ACN 658 003 804