The people who are using credit card must have the complete idea about a variety of techniques /types of credit card fraud. The reason is that such information will make it feasible for you to avoid any misfortunate event. Here is quick description of some common credit card fraud techniques and I will also tell you how credit card fraud works.Credit Card Fraud Types Or Techniques:Malware Attacks: Many of you know about malware however for those...more
It is quite essential for you to read the credit card fraud examples so that you can avoid any such scam in your life. Before I start demonstrating the examples of credit card fraud, I would like to share some crucial facts related to credit card scam with you. It has been reported in a credit card identity theft reports that people face the fraudulent situation just because of the criminal activities of their siblings, relative, colleagues and...more
It is reported in many researches that online merchant stores are more susceptible to credit card fraud so it is quite essential for the merchant to go for credit card fraud solutions. Today, merchants are able to find out a variety of solutions with the help of which they can prevent the fraudulent transaction quite effortlessly. Currently I am going to describe two credit card fraud solutions.1.BIN Database: BIN stands for Business Identification number. BIN Database comes in excel format and it comprises of BIN numbers that have been collected from different banks and other financial institutions. There are a number of service providers online who are offering you access to this database if you pay a little fee for it. Once you make the payment, you will be able to download this database on your PC. Whenever you get an order then you can open this database and add the credit/debit card details of your customer in it. In a matter of seconds, you will be able to get the result i.e. valid card or invalid card. So if the card is valid then you can process the order without taking any tension of credit card fraud. On the other hand, when you find any problem with the validation of...more
Nowadays, many merchants face a single problem that is credit card fraudulent transactions. Actually online scammers are trying to exploit the credit card details of some other people. They are using both traditional and advanced credit card fraud techniques for misusing the credit info of original owners of the card. It has been reported in many...more
Today, every person needs to be extra careful either he uses a credit card for payment or he accepts payment of his ecommerce store via credit card. Simply, both credit card holder and merchant need to be cautioned as ecommerce credit card fraud has been rising since last decade. Today, I am going to highlight some tips for merchant and card holder...more
Whether you are a credit card holder or a merchant, you have to face credit card fraudulent situation sometime in your life. Therefore, you should know what to do about credit card fraud. Today, I am going to shed light on credit card fraud protection methods. I will describe the methods for merchant and card holder separately for your convenience. How Card Holder get protection from Credit Card Fraud?There are some methods through which credit card holder get protection against credit card fraud online.Properly Logout From Your Bank account: A cardholder should try to keep his credit card information secure. Whenever he is going to open his bank account online then it is strongly recommended that he properly log out from his account instead of closing a tab.Activate Your Anti-virus program: A person should keep his anti-virus program activated all the time. It is also advised that you update this program time to time. When such program will be active on your personal computer then there is no chance of virus or malware attack on it.Don't become a Victim of Phishing: Phishing is an email scam in which you obtain legitimate looking emails from mimic banks. The purpose of these...more
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Nowadays, a number of credit card holders are facing the problems of credit card fraud since online scammers have a number of ways with the help of which they steal and misuse such information. Now I am going to describe different ways of preventing...more
In todays world, it often happens that people have bad credit report due to some kind of economical misbalance in their jobs or, due to the economical misbalance in the country they live. Bad credits for several years have also become a common issue...more
Are you currently having financial problems and can't seem to become debt free? You can get a car loan after bankruptcy. You may take this as a way to start from scratch. As soon as the government has recognized your present financial condition, you...more
BIN or bank identification numbers happen to be a six digit code that is printed on the cover of your debit or credit card. The actual code consists of over 16 numbers, but the first six numbers are something that is taken into account by the bin...more
One of the prime requirements nowadays for you to purchase products online would be up credit card. If you do not have plastic money, then most of the purchases that you would want to do will not be possible. In the event of you procuring a credit...more