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How did they debit your credit card as you have done no transaction with them?
Wiki User
∙ 14y ago
Fraudulent Transactions
Fraudulent transaction is any transaction that takes place in your account that you did not authorize. This includes someone physically stealing your card and use, and where the number has been compromised, while the physical card is still in its possession.
When the card is stolen, the most common fraudulent transactions will be gas stations and fast food restaurants. Most thieves are going to fill them and the vehicles of his friends "with the gas you - at least, that's their thought process. They will also go to eat, somewhere easy and quick to escape in case there is a problem.
When your card has been compromised, the most common operations are transactions online. Your card may be compromised in a number of ways. There have been cases where waiters in restaurants have been writing the numbers when customers have used them to pay. There are also small scanner attached to ATMs and gas pumps that collect data and the thief can pick up at a later time. It is very important that you be alert and carefully you hand your card to.
Source:
http://www.moneymanagersllc.com/
Wiki User
∙ 14y ago
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How long does it take for a charge to show up on your credit card?
Probably same day, done electronically. Depends on merchants method of transaction.
How can you confirm your transaction through visa card strip?
My visa card was with me and some body had done a transaction on it. now beside signature how can i prove that this transaction was not done on my card. Is it possible that i can go for visa card strip analysis that my card was not swept on that merchant machine. please help
Does a store clerk need to check the 3 security numbers on the rear of a credit card?
The answer depends on the store's policy on processing credit card transactions. Every merchant that accepts credit cards has a policy concerning how they choose to authenticate credit cards. Generally, the more checks that the merchant does, the lower the cost of the transaction for that merchant. Many retail stores (suggesting store clerks) do check the three security numbers on the back and enter that information into the register/reader when conducting the transaction. Having those three numbers helps indicate that the transaction was done with "card in possession." IF you are not sure that a store clerk is handling your credit card correctly, ask to speak with a store manager and ask the process that they use to process a credit card transaction at the register.
Can you view every transaction on your credit card bill?
Yes, all your transactions for a specific billing period is included in your bill. This is done, so that you can check if you really made the purchases. Actually, the credit card issuer also check the purchases you are making to determine your creditworthiness based on your buying behavior.
What does it mean to transfer credit card balance?
To transfer a credit card balance means to use the available credit on one credit card to pay off the balance of another credit card. This is often done by credit card holders to pay back a balance at a lower rate.
If you overdraft your bank account with a debit card but halfanhour later return everything you bought and get the money returned onto the card not exactly cancel the transaction will it still charge?
no becuase bank charge when transaction is done. your process on through debit card. if this process happen with through check then bank charge it.
If you use i-mint card for fuel it will addup to credit card statement?
If you use your credit card/debit card for filling fuel, you can accumulate points on your imint card, base on the amount of purchase you have done.
What does POS mean with banking?
POS stands for Point Of Sales. A POS is a place through which a sale transaction is done by a retail shop owner using the customer's credit/debit card. The bank would make the payment to the show owner for the transaction done on his POS machines (provided the customer validates it with a PIN or a Signature)
Would your debit card number be on a bill?
No. usually credit or debit card numbers are not printed in bills or receipts. This is done for security purposes. Only the last 4 digits of the card would be printed in such receipts or bills.
Can you withdraw money from a debit card at a grocery store?
before the transaction is done it will ask you if you want "cash back".. But this requires a purchase..
What do you do after your done downloading iTunes?
You import your music, pictures, videos, etc to it or you purchase music from the itunes store with a debit/credit card.
How long does it take for a charge to show up on your credit card?
Probably same day, done electronically. Depends on merchants method of transaction.
If you pay a debit from your credit report can it be deleted from your credit report?
yes, if you are done paying with itAdditional answerBut if you're late making a payment to settle a debt (credit card, for example) this will be recorded as a default.
How can you confirm your transaction through visa card strip?
My visa card was with me and some body had done a transaction on it. now beside signature how can i prove that this transaction was not done on my card. Is it possible that i can go for visa card strip analysis that my card was not swept on that merchant machine. please help
You paid 5 online to a company but used a different home address the name and credit card are good Is that illegal if so how and what is it?
If the credit card was valid and not being used unlawfully, it is legal to give a different mailing address than that which the credit card statement is mailed to. The important thing is the INTENT with which it was done. If the transaction was done with unlawful inent it is Fraud.
The earned interest on deposit is a credit or debit entry and against what should be done?
credit
Does a store clerk need to check the 3 security numbers on the rear of a credit card?
The answer depends on the store's policy on processing credit card transactions. Every merchant that accepts credit cards has a policy concerning how they choose to authenticate credit cards. Generally, the more checks that the merchant does, the lower the cost of the transaction for that merchant. Many retail stores (suggesting store clerks) do check the three security numbers on the back and enter that information into the register/reader when conducting the transaction. Having those three numbers helps indicate that the transaction was done with "card in possession." IF you are not sure that a store clerk is handling your credit card correctly, ask to speak with a store manager and ask the process that they use to process a credit card transaction at the register.
