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Topic: Credit card fraud

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In the News (Sun 21 Apr 19)

  Credit card fraud - Wikipedia, the free encyclopedia
Credit card fraud is a kind of fraud where a merchant (business, service provider, seller, etc.) is "tricked" into releasing merchandise or rendering services, believing that a credit card account will provide payment for goods/services.
When a card holder looses or has their credit card stolen, it is possible for the thief to make unauthorized purchases on that card up until the card is canceled.
Credit card fraud has a chilling effect on merchant acceptance of credit cards, motivating merchants to not accept credit card payments to mitigate their risk of loss.
en.wikipedia.org /wiki/Credit_card_fraud   (1122 words)

 Credit Card Fraud in Indonesia   (Site not responding. Last check: 2007-10-22)
Credit card fraud is an international business run by resourceful syndicates with industry insiders on their pay roll.
As with counterfeit fraud, the legitimate cardholder may not be aware of the fraud until a statement is received.
To help detect fraud on cards that are not yet reported missing, the banking industry in most countries uses intelligent computer systems that track customer accounts for unusual spending patterns.
www.expat.or.id /info/creditcardfraudinindonesia.html   (2674 words)

 Credit Card Fraud
Today’s credit card industry, although it involves complex relationships among several corporate entities, can simply be described as a three-party system in which the credit card company occupies a position between the customer and the store.
Credit Card Skimming is a method by which encoded information from the magnetic stripe of a credit card is gathered by an electronic credit card reader (skimmer).
Credit card skimming often occurs in businesses where credit cards are used regularly, such as restaurants and other entertainment venues.
www.fraudinvestigator.co.za /credit_card_fraud.htm   (1770 words)

 Credit Card Fraud
Any time you use your credit card you are making your account number available to everyone who is involved in the transaction, from the sales clerk to the billing staff of the creditor.
If you report your credit card missing before it is used without authorization, you may not be responsible for any of the unauthorized charges.
Pursuant to federal law, if your credit card is used without authorization before you report it missing, the most you will be liable to pay is fifty dollars.
www2.state.id.us /ag/consumer/tips/creditcardfraud.htm   (464 words)

 Check & Credit Card Fraud
Never give your credit card number out on the telephone unless you initiate the call and are reasonably certain regarding the identity of the individual or business with which you are interacting.
Individuals may also intercept "pre-approved" credit card offers from the mail and complete them as if they are you---with one exception---they use their own address.
Know when your credit card statements (or bank statements) arrive monthly; if they are late, or do not arrive, contact the financial institution.
www.yorkcounty.gov /vw/fraud/check_card.htm   (277 words)

 Merchant Credit Card Fraud - Prevent Minimize Fraud
Credit card fraud is something that can never be completely eliminated, but rather something that must be managed.
Credit card information is sent to the processor for immediate approval (usually 5 seconds or less).
A credit database service, such as Equifax (www.equfax.com), Experian (www.experian.com), and Trans Union (www.tuc.com) are most appropriate for high-dollar value items, The customer would be asked to verify some very specific information such as the mother's maiden name or their social security number.
www.wiscocomputing.com /articles/ccfraud.htm   (4372 words)

 Credit Card Fraud - Crimecrushers   (Site not responding. Last check: 2007-10-22)
Credit card fraud is one of the fastest-growing areas of criminal activity.
Always obtain the card; never accept a transaction when only the card number is given to you.
DL/ID cards issued to persons under the age of 21 have the photo on the right side of the card.
www.sonoma-county.org /crimecrushers/Creditcard_fraud.htm   (1435 words)

 Federal Trade Commission
Credit and charge card fraud costs cardholders and issuers hundreds of millions of dollars each year.
But there are a few steps you can take to make it more difficult for a crook to capture your card or card numbers and minimize the possibility.
If you suspect fraud, you may be asked to sign a statement under oath that you did not make the purchase(s) in question.
www.ftc.gov /bcp/conline/pubs/credit/cards.htm   (533 words)

 Credit Card Fraud - TheSite.org
Card fraud cost the UK over 400 million pounds in 2001, and is steadily increasing.
Credit and debit cards are an easy way to pay for your purchases, and you may feel safer if you're not carrying cash.
Keep your cards and cheque books safe, and do not let anyone know your PIN numbers even if they say they're from the police or the credit card company.
www.thesite.org /homelawandmoney/law/victims/creditcardfraud   (496 words)

 Credit Card Fraud in Indonesia
Credit cards from Indonesia are mostly not accepted for internet payments due to the high rate of fraud.
The credit card number is not random, but acquired by some algorithm (using the name and expiration date, and some other data).
As everyone always advises, cancel your credit cards immediately, but the key is having the toll free numbers and your card numbers handy so you know whom to call.
www.expat.or.id /info/creditcardfraudstories.html   (2719 words)

 Credit Card Fraud   (Site not responding. Last check: 2007-10-22)
Reported credit card fraud in Canada declined somewhat for the twelve month period ending June 30th, 2000 to $203 million dollars - down from $227 million dollars the previous year.
In a card activation program, cardholders must call their financial institution to confirm their identity before the card is activated.
Cards Obtained By Criminals Who Have Made False Applications: This is the criminal impersonation of creditworthy persons in order to acquire credit cards.
www.rainbowinvestigations.com /story.cfm?rainbowID=50   (524 words)

 Credit Card Fraud
The most common type of credit card fraud is when an offender purchases an item online or by telephone, by utilising a credit card number that they have obtained unlawfully.
Normally when a merchant enters the credit card number to pay for purchased goods, the appropriate financial institution approves the transaction on the basis that the credit card number is legitimate and that there are sufficient funds in the nominated bank account.
It is only after the billing cycle of the relevant credit card is completed, that the legitimate cardholder may become aware of the unauthorised transaction.
www.police.qld.gov.au /programs/crimePrevention/eCrime/credit_fraud.htm   (282 words)

 Online Credit Card Fraud
Credit card processors are aware of this and make it very difficult for a new online company to qualify for a merchant account.
Credit card fraud is at an all-time high and most credit card fraud takes place on the Internet.
Most of the time all the card holder has to do is call the card issuing bank and tell them that they didn't make the charges and they will not have to pay.
www.jimgrill.com /pages/content/ccfraud   (2929 words)

 Credit Card Fraud Online - Internet Financial Fraud   (Site not responding. Last check: 2007-10-22)
Credit Card companies are trying to obtain the trust of their customers by providing zero-liability programs that allow shoppers to contest any charges on their credit cards made online.
The idea behind the solution is distributing disposable shopping credit card numbers and expiration dates that are good for a 24-hour period in order to prevent fraudsters from stealing the number and using it at a later date.
Credit cards with card certification value contain numbers on the back of the card that a user must type into the computer; the idea behind the use of the CCV is that without the card someone does not have this special number and thus cannot place the transaction.
www.pubpol.duke.edu /centers/dewitt/course/internet/fraud/ccfraud.html   (868 words)

 Stop credit card fraud!   (Site not responding. Last check: 2007-10-22)
The fraudulent use of credit instruments is one of the fastest growing crimes in America today.
Although a parent’s credit card can reflect negative information as a result of the credit delinquencies of a child, the parent isn’t legally obligated to pay the child’s bills.
If you believe that the credit card is stolen, call the Voice Authorization Center and ask to speak to a Code 10 operator.
www.mmmonthly.com /NetArticles/2000/Stopcreditcardfraud.htm   (624 words)

 CNN.com - Technology - Meet the real victims of Internet fraud - March 2, 2000
In conversations with the card owners she found that they all lived in California, they all enjoyed skiing and they all had shopped at the same ski shop.
Credit card fraud on the Internet is a serious, largely unacknowledged problem.
Not only can credit card companies do little to help them, the merchants say, but the firms also deny that e-commerce fraud is a problem at all.
archives.cnn.com /2000/TECH/computing/03/02/credit.card.fraud.idg   (693 words)

 Credit & Charge Card Fraud
Everyone pays for credit and charge card fraud in higher prices, whether or not they are personally defrauded.
While theft is the most obvious form of credit and charge card fraud, fraud occurs in other ways, as well.
A dishonest clerk makes an extra imprint from your credit card or charge card for his or her personal use.
www.in.gov /dfi/education/ccfraud.htm   (831 words)

 Credit Card Fraud Page
Existing credit card anti-fraud sanctions move extremely slowly, allowing a company to generate fraudulent transactions for at least a year.
Credit card holders get a persistent identifier that is not a credit card number, but that can be used with another identifier to generate a credit card number.
Many times a credit card number alone, even a number for a closed account, is sufficient to create a recurring transaction of $19.95 or so.
www.faughnan.com /ccfraud.html   (9882 words)

 Credit Card fraud
They queried the validity of the large transactions, and advised me that the credit cards used had turned out to have been fraudulent, and that the money paid into my Commonwealth Bank business account would be reversed.
To complete most sales, we are required to obtain authorisation from the Credit Card Consortium which is managed by all of the major and contributing banks.
When a credit card transaction approval is given, the goods are then taken as being legitimately sold....
www.bookmate.com.au /fraud.htm   (3511 words)

 Credit Card Fraud
If a credit card is lost or stolen, immediately contact the credit card issuer to report the loss.
So, if you lend your telephone calling card to a friend to make “just one call,” and he or she makes $2,000 in calls, the use was “authorized”.
Joint credit card accounts holders, especially those with financial or marital problems, should remember that each joint owner is individually responsible for paying all charges made on the account.
www.jag.navy.mil /html/NLSOGlakesCredit_card_fraud.htm   (444 words)

 Credit card fraud   (Site not responding. Last check: 2007-10-22)
Thinking this was going to be about the fact I hadn't received a new card despite the old one running out in 4 days time, I called them up, quoting the reference code in the message.
Well, to cut a long story short, I'm another number in the statistic of credit card fraud, as some git managed to create a fake card and was using it on a spending spree round Aberdeen.
Certainly, I never received the replacement card which should have been due in December but never arrived; as the spending started at the beginning of December, it seems possible that's what they did rather than create a fake card.
riddoch.org /rants/20030109.php3   (457 words)

 py Credit card fraud
Credit card fraud causes an estimated $1 billion each year in losses in the United States.
Do not give your credit card number over the phone unless you are dealing with a company you have done business with before.
It is a violation of Florida law to require a consumer to produce a credit card number or expiration date before payment by check.
www.portlandpd.com /py_ccfraud.html   (408 words)

 Avoiding Credit Card Fraud   (Site not responding. Last check: 2007-10-22)
It seems that credit card fraud is on the rise.
A recent survey conducted by the Merchant Fraud Squad, an online crime prevention and education group, found that 47 percent of small and midsized Internet merchants believe fraud is one of the most significant problems their businesses face.
If you receive a credit card that seems suspicious, request a transaction authorization over the telephone by calling the code 10 (or "call for assistance") hotline number supplied by your payment service provider.
www.entrepreneur.com /article/0,4621,302952,00.html   (995 words)

 Webnests Web Hosting - About our policy with respect to Credit Card Faud
The credit card issues constantly release new exploding fraud figures, mostly related to Internet and telephone transactions where fraud rose by 138 percent year-on-year.
Because of the lack of face-to-face transactions, the internet appears to be a "safe haven" for those who think it is easy and clever to commit credit card fraud.
While large merchants figure card misuse into the cost of doing business, small merchants can be devastated by fraudulent orders.
webnests.com /ccfraud.htm   (190 words)

 Preventing Credit Card Fraud
These tips -- provided by the Internet Fraud Complaint Center, a partnership between the FBI and the National White Collar Crime Center -- are intended to help prevent credit card fraud over the Internet.
Be wary of sellers who use free e-mail services where a credit card wasn't required to open the account.
If anything looks suspicious or you lose your credit card(s), you should contact the card issuer immediately.
www.ci.seatac.wa.us /services/police/preventingcreditcardfraud.htm   (367 words)

 Credit card fraud protection
card verification code 2 (CVV2), enable merchants to verify a cardholders’ specific information at the time of authorization.
When processing a transaction a code specific to the credit cards and cardholder is verified with the issuing bank for authorization to minimize Internet and mail order/telephone order (MOTO) fraud.
Secure Payment Gateway performs numerous fraud checks to determine common patterns, while allowing merchants to lock out specific credit card numbers and Internet protocol (IP) addresses.
www.cardservicevc.com /services-fraudprotection.htm   (140 words)

 Swiping Back At Credit-Card Fraud
With criminals freely trading card numbers, Social Security numbers, and mothers' maiden names, you might think credit-card fraud was going through the roof.
E-tail credit-card fraud is triple the rate of the brick-and-mortar world, according to The Nilson Report, a card-industry publication.
With fraud rates that are far higher than those of traditional retailers, they will have to put more muscle into their fight than many seem willing to do at the moment.
www.businessweek.com /magazine/content/05_28/b3942095_mz020.htm   (968 words)

 Stop Online Credit Card Fraud   (Site not responding. Last check: 2007-10-22)
The Internet Fraud Complaint Center (IFCC), now known as IC3 – Internet Crimes Complaint Center – referred over 190,143 complaints to law enforcement in 2004 alone.
According to a Cybersource Report, Internet fraud cost merchants an average of 1.8% of online revenues or $2.6 billion in 2004.
Each day, thousands of active credit and debit card numbers, as well as related personal data, are sold and traded on the Internet.
www.cyveillance.com /web/online_risks/credit_card_fraud.htm   (121 words)

 Credit Card Fraud Policy   (Site not responding. Last check: 2007-10-22)
The customer understands, acknowledges and agrees that by initial and continued use of the services provided by ITZA Company LLC, DBA @INR.Net, hereinafter referred to as "@INR.Net", that he or she agrees to, and is bound by the @INR.Net Credit/Debit Card Charge-Back Policy.
The customer understands, acknowledges and agrees that @INR.Net may revise policies, agreements and notices at any time without notice and that he or she shall be bound by the policies, agreements and notices as currently posted on the @INR.Net web site which as a whole shall constitute @INR.Net's Acceptable Use And Service Agreement.
Individuals and/or companies ordering services using fraudulent Credit/Debit Card information to obtain services from @INR.Net will incur a $500.00 (USD) fraudulent Credit/Debit Card processing fee, which will be added to the balance of your order or account balance for each occurrence.
www.inr.net /policies/cc-fraud.cfm   (360 words)

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