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Yes, authorities and financial institutions can track a credit card's transactions and usage to investigate potential fraud or criminal activity.

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5mo ago

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Can credit cards be tracked and monitored for fraudulent activity?

Yes, credit cards can be tracked and monitored for fraudulent activity by financial institutions and credit card companies using advanced technology and algorithms to detect suspicious transactions.


What are the functons of the credit union?

What is functions financial institutions


How is Whatcom Educational Credit Union different from other financial institutions?

Whatcom Educational Credit Union has a few differences from other financial institutions. The main difference is that Whatcom Educational Credit Union is a nonprofit organization.


Which financial institutions offer high interest accounts?

Some of the financial institutions that offer high interest accounts are; Federal Credit Union, Franklin Savings Bank, and Workers Credit Union.


What is a company that provides credit financial services?

Credit financial services are available from many different companies. Visa and MasterCard offer credit card services through various financial institutions.


What types of financial institutions have the capability to hold lottery winnings?

Banks and credit unions are the types of financial institutions that have the capability to hold lottery winnings.


Where can one compare the best credit cards?

The websites of individual financial institutions often have a tool for comparing features of their own credit card offerings. The Financial Consumer Agency Of Canada has an online interactive tool to help you compare features across financial institutions.


Who keeps track of your credit score?

Your credit score is primarily tracked by credit reporting agencies, also known as credit bureaus. The three major credit bureaus in the United States are Experian, TransUnion, and Equifax. They collect and maintain your credit information, including your payment history, credit utilization, and types of credit accounts, to calculate your score. Additionally, lenders and financial institutions may also monitor your credit score as part of their risk assessment when you apply for credit.


Which type of financial institutions are owned and controlled by the people who use their services?

Credit Unions


Which financial institutions offer full banking services to individuals and businesses?

credit unions


What is the role of the major non depository financial institutions in the financial system?

Non-depository financial institutions play a major role in providing financial services and credit to both individuals and businesses. Non-depository institutions frequently compete with banks in offering financial services and credit but also offer services that would not be appropriate for banks. For example, insurance companies take on risks related to a wide variety of losses which would not be suitable for banks. Non-depository institutions can provide a safety cushion during difficult financial times by offering credit when banks may not be willing or able to lend.


What is the role of the major non-depository financial institutions in the financial system?

Non-depository financial institutions play a major role in providing financial services and credit to both individuals and businesses. Non-depository institutions frequently compete with banks in offering financial services and credit but also offer services that would not be appropriate for banks. For example, insurance companies take on risks related to a wide variety of losses which would not be suitable for banks. Non-depository institutions can provide a safety cushion during difficult financial times by offering credit when banks may not be willing or able to lend.