Credit cards are the order of the day especially in these tough economic times. Many credit card companies have changed their terms not to mention making it more difficult for consumers to obtain new credit cards.
The new Obama administration has also brought in new legislation to curb the bad practices that was in the industry. Yet even now credit card applications for people with bad credit are still available if you look hard enough.
Credit card fraud is a wide-ranging term for theft and fraud committed using or involving a payment card, such as a credit card or debit card, 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. According to the United States Federal Trade Commission, while identity theft had been holding steady for the last few years, it saw a 21 percent increase in 2008. However, credit card fraud, that crime which most people associate with ID theft, decreased as a percentage of all ID theft complaints for the sixth year in a row.
Basically it's spending money on someone's else's credit card with their details without them knowing.
Yes I believe you can report credit card fraud if you know someone who has someone elses credit card, if let's say one of your friends or family member got there credit card stolen and you also know the person who stole the credit card you can report a credit card fraud or you can just let your friend or family member report fraud on there credit card, I hope this helps :).
Don't understand the question completely but any form of credit card fraud is irreversible or else it would not be called credit card fraud.
get greedy
Some methods of credit card fraud prevention include: authenticating the cardholders information, antifraud chip technology, and sophisticated software to track credit card usage.
phising
Yes!
Credit card fraud in the UK in 2011 amounted to å£341m. Part of the fight against credit card fraud is to have a secure credit card processing system. If this was not in place, criminals would be able to create their own cards.
Credit card fraud.
No, beacuse that is will be using the person's credit card without their permission. That is considered credit card fraud.
No, Using someone elses card is by definition fraud (even with their permission). Fraud is a criminal offence.
Fraud
No