Credit card fraud is defined by Wikipedia as “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 Read More
Tag: debit card fraud
In our tech-focused age, credit card (and debit card) fraud continues to be one of the most common and fastest-growing types of crime. Because the retail industry relies so heavily on credit transactions, it is particularly affected. It’s likely that everyone reading this article has either been the victim of Read More
While effective in driving sales, gift cards have also caused fraud headaches for retailers for years. Gift card fraud can range from physical theft to gift card cloning to exploiting errors on the merchant side. One newer gift card scam involves gift card cloning.
To clone a gift card, thieves steal Read More
Credit Card Fraud: Two Scams LP Should Know About
The retail industry is particularly affected by the crime.
In our tech-focused age, credit card (and debit card) fraud continues to be one of the most common and fastest growing types of crime. Because the retail industry relies so heavily on credit transactions, Read More
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Reducing credit card and debit card fraud by implementing EMV chip card acceptance has become retailers’ top payment issue in 2016, but retailers are also busy with new data security enhancements such as point-to-point encryption and tokenization to better protect payment card data. That’s according to a new study released Read More
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