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. The merchant later learns that they will not be paid, or the payment they received will be reclaimed by the card's issuing bank.
Typically, the fraudster causes a credit card of another person to be charged for a purchase.
Credit card fraud exposed - Never give credit card details over the phone - not to call centre staff. Last time I ever give my details on the phone. They will lie to get your info.
Monday, July 16, 2007
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