Comments on: Spotting large scale credit card fraud

By: merchant services

merchant services — Tue, 19 May 2009 03:34:40 +0000

Credit card fraud is a wide-ranging term for theft and fraud committed using a credit card or any similar payment mechanism as a fraudulent source of funds in a transaction. The purpose may be to obtain goods without paying, or to obtain unauthorized funds from an account. Credit card fraud is also an adjunct to identity theft.

Tips to Prevent Credit Card Fraud

1. Keep a list of your credit card numbers, expiration dates, and the phone numbers of all card issuers in a safe place.

2. Credit card issuers offer a variety of terms (annual percentage rates, methods of calculating balances subject to finance charges, minimum monthly payments, and actual membership fees). When selecting a card, compare the terms offered by several card companies to find the card that suits your needs.

3. When you use your credit card, watch your card after giving it to a clerk. Take your card back promptly after the clerk is finished and make sure the card is yours.

4. Never sign a blank receipt. Draw a line through any blank spaces above the total when you sign receipts. Tear up the carbons when you take your credit card receipt.

5. Open credit card bills promptly and compare them with your receipts to check for unauthorized charges and billing errors.

By: Anne of Mobility Scooter

Anne of Mobility Scooter — Tue, 31 Mar 2009 04:12:13 +0000

Good advice and very timely. Stolen cards are now rampant and although the card is still in your own hands, you’ll never know the information inside it are already stolen. Hitech makes things easy even for the forgers.

By: banking deal community

banking deal community — Thu, 26 Mar 2009 11:53:14 +0000

Two men were arrested in San Marcos after police say the recovered $27,000 in illegally purchased goods from an international credit card fraud ring.

By: Merchant Account Guide

Merchant Account Guide — Mon, 23 Mar 2009 17:30:25 +0000

What a great blog post. I just found your blog and will definitely check back soon!

By: Web Design

Web Design — Mon, 23 Mar 2009 09:05:47 +0000

Excellent post thanks for sharing, them diagrams are awesome

By: debt relief

debt relief — Mon, 16 Mar 2009 22:22:14 +0000

I like the structure of credit card fraud which you show in your post, i really appreciate it

By: Franco

Franco — Tue, 10 Mar 2009 03:29:39 +0000

Well, unfortunately I have seen the attitude of some customers who make their first dinner at an unknown restaurant, and at the very moment of paying the bill using a credit card, they continue entertained in the joy of talking, while the time of processing of the credit card at the station of the cashier is suspiciously unusual and slow… It happens, sadly.

By: AdWords Reseller Announcement

AdWords Reseller Announcement — Mon, 09 Feb 2009 10:09:38 +0000

Credit cards become a toy for all. I use to see these cards in everyone’s hand. People easily avail it and then get loaded with tons of credit amount.

By: Buy Flowers

Buy Flowers — Fri, 06 Feb 2009 08:50:53 +0000

That fantastic structure and density of credit card fraud. It is nice information thanks for sharing this to us and i look forward to great post.

By: Common Point of Purchase (CPP) | Payment Systems Blog

Common Point of Purchase (CPP) | Payment Systems Blog — Thu, 05 Feb 2009 13:54:00 +0000

[...] Merchant Account Blog has a great post and great diagrams on what is called Common Point of Purchase or Point of [...]