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What does it mean when a machine tells you to confiscate a customers credit card?
Wiki User
∙ 15y ago
It means the card number is on a list of cards reported stolen or other invalidated for use.
Wiki User
∙ 15y ago
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What do you do when the cash register tells you to confiscate the customers card?
You have to call the people who is working on your bank and tell them what the cashier said and they will check your account and the will activate it if the cashier says that.
Why is a receipt used?
A receipt is produced for two reasons: 1) You have proof that you bought that item there if there is a problem with it. 2) Some systems have a stock control system, so when you checkout with the item, it tells the machine that x1 of that item has left the store.
Should you close credit card accounts that you are not using?
Here are answers and opinions from FAQ Farmers: * To ward off fraud, yes, you should. Most companies don't penalize you for closing and you should be able to reopen the account at a later time if you decide. I would just call the credit card company and ask their policies, but working for a credit company in the past, you wouldn't believe how easy it is for people to commit fraud, and people don't know because they never see a statement. If you leave it open, just call to check on the account every so often, just in case. * Yes, close the accounts. * No, every time you close an account you are lowering your FICO SCORE by raising a flag that shows the percentange of credit debt you have seems to have increased. You should keep all lines open and not have more than seven of them. * It is my understanding that you should close all credit cards you are not using. With open accounts "out there" your potential debt is high. That makes other creditors (house, car loans) nervous. You SHOULD close those accounts, BUT you should do so in writing. You also should make the CC company add to account notes "closed by customer request". This comment will be reflected on your credit report...which is a good thing. * Depends on what is important to you. Some people demand their accounts closed because they had the last straw with a creditor. They find out later that their FICO score slumps from 15-25 points for an average score of 680 to a 40 point slump for people with a very high score of 800 or more. In some cases closing an account will allow you to avoid monthly maintenance fees some cards charge or the annual fee, although this is getting rare. Your credit report is a mirror of your ability to pay through good times OR BAD. Keeping accounts open is a good thing. You need OLD and seasoned accounts. * If you aren't using the card, that doesn't mean you should close the account; in fact, doing so can hurt your credit score (i.e., the score that tells companies whether you are a good candidate to loan money to). These companies, when they look at your credit report, want to see a few things: 1) Do you have a history of credit being extended to you? They want to see a long history, which is why you should NEVER close the account for the credit card you've had the longest, even if you never plan to use it again, unless it charges an annual fee (and, even then, you should first call the credit card company, tell them you've been a long-time customer, and see if they'll waive the fee; it costs more to acquire new customers than to keep existing customers, so it's in their interest to help you keep the account open). Also, leaving the account open keeps it on your credit history, showing that you've have credit for a while. That helps potential lenders trust you--they can see that other people have been trusting you with credit for a long time. 2) Do you have multiple types of credit (credit cards, mortgage, car loan, cell phone, student loan, etc.)? They like to see a mix. 3) How much of your credit do you use? They like to see that you use no more than around 30% of the credit available to you. For example, let's say you have two credit cards--one with a $10000 limit, one with a $20000 limit--and so, you have $30000 of available credit. You owe $5000 on the card with a $10000 limit and $0 on the $20000 card. That means you're using about 17% of your available credit ($5000 of $30000). That's fine. But let's say you close your $20000 card. Now, all of a sudden, you're using $5000 of $10000 in available credit--50%. That looks horrible--like you are living beyond your means, getting by on credit, even though you owe THE EXACT SAME AMOUNT OF MONEY as you did when you had $30000 of credit. But, by closing the account, you jacked up your debt ratio past 30%, making you look like a poor manager of credit. People will be less likely to offer you credit now, and they'll offer you worse interest rates when they do.
What should a letter to close a credit card account include?
Actually, I wouldn't recommend closing your credit card account, closed accounts impact your score and do nothing to help improve it. If you zero balance the card just put it in your sock draw get gas or pay a bill with it once a month and then P.I.F. it when you get the bill, that way your not paying any interest, the credit card companies hate when you do that! LOL It makes you look good it fakes up your score and your utilization of your credit limit is well below the recommended 35%.From what I understand, if you are closing an account in good standing, it is important to include in your letter a request, stated clearly and in no uncertain terms, that your credit record show YOU were the one to request that your account be closed and NOT your credit card company.This way in the future anyone needing to check your credit will see this and know that the account was not closed for other reasons that could reflect poorly on your rating.It might not hurt, as a follow up, to check your credit record. I know sometimes it's recommended to check your credit record yearly in order to check for errors and mistakes.However, I've also read that you shouldn't check it TOO often because this can adversely affect your record or score.AnswerFirst, checking your credit score counts as a SOFT inquiry, which has a remotely adverse affect on your credit after like 100 times. And when I say remotely, I mean 1 point. You don't need to write out a letter, just call them and tell them you would like to close the account. Wait 60 days and check your credit report, if it was closed "by credit issuer" according to the credit report, then just call up the company. If you were in good standing, you'll be fine. AnswerA better question is, why do you want to close your account? If you aren't using the card, that doesn't mean you should close the account; in fact, doing so can hurt your credit score (i.e., the score that tells companies whether you are a good candidate to loan money to). These companies, when they look at your credit report, want to see a few things: 1) Do you have a history of credit being extended to you? They want to see a long history, which is why you should NEVER close the account for the credit card you've had the longest, even if you never plan to use it again (unless, perhaps, you're paying a yearly fee, but--even then--call them to see if they'll waive the fee; tell them you're thinking of closing your account otherwise): keeping the account open keeps it on your credit history, showing that you've have credit for a while.2) Do you have multiple types of credit (credit cards, mortgage, car loan, cell phone, student loan, etc.)? They like to see a mix.3) How much of your credit do you use? They like to see that you use no more than around 30% of the credit available to you. For example, let's say you have two credit cards--one with a $10000 limit, one with a $20000 limit--and so, you have $30000 of available credit. You owe $5000 on the card with a $10000 limit and $0 on the $20000 card. That means you're using about 17% of your available credit ($5000 of $30000). That's fine. But let's say you close your $20000 card. Now, all of a sudden, you're using $5000 of $10000 in available credit--50%. That looks horrible--like you are living beyond your means, getting by on credit, even though you owe THE EXACT SAME AMOUNT OF MONEY as you did when you had $30000 of available credit. But, by closing the account, you jacked up your debt ratio past 30%, making you look like a poor manager of credit. People will be less likely to offer you credit now, and they'll offer you worse interest rates when they do.So--if you want to close the account, make sure it's for the right reason, such as it's costing you an annual fee. Otherwise, if you can hang on to the card, do it. If you are worried you'll use it when you shouldn't, put it in a bag of water and put the bag in the freezer. That way you'll have to wait for it to thaw before you can use it, which will cut down your impulse purchases.
SWIFT MT 910?
The MT910 is a credit advice, it partner is the MT900 debit advice. Since statements are more periodic (end of day, weekly, monthly etc) the credit & debit advices are used to give immediate notice of a credit/debit to the account holder. Example of use: A cross border payment uses a combination of messages. Since a direct payment from Person A to B may not be possible, given B is in another country, A can pay his bank in his country (BankA), which pays BankACorr (Correspondent in the currency transferred in A's country) which pays BankBCorr (Correspondent in B's country) which pays BankB which pays B. The equivalent SWIFT messaging happens this way. BankA sends MT103 message to BankB directly (no credit actually happens now). BankA sends MT202 to BankACorr, which sends MT202 to BankBCorr which sends MT910 (credit confirmation) and MT950 (statement) to BankB. The credit confirmation is the time the payment is actually received. Below link tells a few things about the messages, but not all http://publib.boulder.ibm.com/infocenter/wtxdoc/v8r2m0/index.jsp?topic=/com.ibm.websphere.dtx.packswiftref2.doc/references/r_lmfmessagemappingmt910.htm
After scanning a customers credit card the machine tells you to confiscate the card What should you do with the customer's credit card?
destroy it
After scanning a customer's credit card the machine tells you to confiscate the card What should you do with the customers credit card?
After scanning a customer's credit card, the machine tells you to confiscate the card. What should you do with the customer's credit card?Call the bank that issued it immediately. The telephone number is on the back of the card.
Credit card the machine tells you to confiscate the card?
keep it
After scanning a customer's credit card the machine tells you to confiscate the card What should you do with the customer's credit card?
Keep the card , and or destroy it .
If the machine tells you to confiscate the card what does it mean?
it means dont give the card back
What do you do when the cash register tells you to confiscate the customers card?
You have to call the people who is working on your bank and tell them what the cashier said and they will check your account and the will activate it if the cashier says that.
Tells you to confiscate the card what does that mean?
Destroy. It
What does it mean if the machine tells you to confiscate the card means?
It means to take the card away and not give it back - something is wrong. It could be a cancelled card, or unauthorised transaction.
What is clock in?
A machine that tells time
What is in a clock?
A machine that tells time
Was there ever a sewing machine invented that can do all sewing patterns?
Any machine will only do what the human operator tells it to do
If you want to be a cashier do you have to be good at math?
No, the machine tells you the change and does the math for you.
