Credit card issuers are really trying to crack down on the amount of credit card fraud taking place. They have implemented several security measures already, such as chip and PIN, and are always looking for more ways to reduce it from happening. Of course they are thinking of the end user but also it is costing them millions each year so they have their own interests at heart too. Ways to prevent you from Becoming the Next Credit Card Fraud Victim The amount of fraud carried out by physically using your card or a copy of it is decreasing due [...]

It can be one of the biggest shocks you ever have. The day you open up your credit card statement to expect to see a couple of transactions but instead there are dozens of them for things you haven’t even purchased yourself. So you check the details and it is definitely your card. You then realise that you might have been the victim of credit card fraud. How to Report Credit Card Fraud The first thing you need to do is contact your card issuer. Tell them there are transactions you need to query and they will go through them [...]

The amount of people paying for things with cash is decreasing all the time. There are many people who think that within 10 years we won’t have the use for cash at all, as everything will be paid for with credit or debit cards. While this is probably not going to happen, there’s no doubt that we are using less cash to buy things. With the increase in transactions, it has also meant rich pickings for credit card fraudsters. So the protection from credit card fraud is at an all time high. Obviously, credit card companies are doing their best [...]

Preventing credit card fraud can never be done to 100%. If it could be done then we wouldn’t have an issue with it at all. But you can do several things to help reduce your chances of becoming a victim. Preventing it as best you can will certainly cut down your chances. We’ll give you some tips below to help you prevent credit card fraud that you can apply today. The first thing you need to be aware of is that there are people who will steal your card details right from under your nose. Never think you are safe [...]

To most banks and financial institutions, credit card fraud is the thing that costs them the most money. They lose literally millions of dollars every year due to criminals and fraudsters stealing money by the use of credit cards. They are usually quite sophisticated groups that perform the frauds and they have a network of contacts to perform various activities to make it all work. They learn all about credit card fraud and then set up syndicates and start doing it themselves. Types of Credit Card Fraud to look out for One of the most popular types of credit card [...]

With more and more people getting online everyday, there are more transactions carried out over the internet than ever before. People are buying their shopping online and getting it delivered to their homes, they are ordering clothes online and even doing their banking. All from the comfort of their own home. Whilst this is a massive time saver and makes our lives easier, unfortunately it has caused a huge rise in computer credit card fraud. This is when you use your computer to enter your credit card details to make a purchase and somehow your details are stolen. This could [...]

Credit cards can certainly take a lot of hassle out of paying for things. Not everyone likes carrying around cash with them, so a card comes in handy. But of course, in this day and age fraud is a popular thing. So the more times you use your credit card, the more open to becoming a victim you are. So protection using a credit card is something you should think about even before you use it. Are you covered by insurance? Many credit card companies include some sort of insurance, so if your card is used fraudulently they will get [...]

Everyday people can come into contact with credit card fraud even without realising it. They may have had their cards used fraudulently or even had their identity stolen. But for merchants, they can be hit more times and different fraudsters, so finding the best credit card fraud protection is a massive priority for them. The most common form of credit card fraud that a merchant will deal with is chargebacks. This is when they receive payment for an item, send it out, and then receive a chargeback a week later. This means the credit card company claims back its money [...]

A credit card is certainly a handy thing to have. But with it comes a lot of responsibility. If your card is ever lost or stolen, it could be used to make purchases or to withdraw cash. Sometimes your card doesn’t even need to be stolen; just the details copied from it can be used to make fake credit cards. So it is important you look for the best credit card protection tips to make sure it doesn’t happen to you. So how does credit card fraud occur? The general overview is that criminals will steal the details from a [...]

Credit card fraud costs companies millions of dollars each year. Fraudsters are constantly coming up with ways of getting card details and using them to make purchases and to withdraw money. They put these details onto fake credit cards that look identical to normal cards so it is impossible to tell they aren’t legitimate. Fake credit card fraud is going on everyday and you may even have been a victim yourself. There are some other ways you need to be aware of too. Application fraud is one of them. This is when a criminal will get hold of your personal [...]