| what is a Credit card fraud |
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You might also be interested to read the following eBooks: 31 Days To Real Estate Investing Riches. How to Start a Successful Real Estate Investing Business. How To Repair Your Sewing Machine. Sewing Machine Repair as a Home Business or for your self. Adsense Business In A Box. Get an instant Adsense business. The product contains 200 websites plus a marketing plan and access to a private members area. Credit card fraud is a kind of fraud where a merchant (business, service provider, seller, etc.) is "tricked" into releasing merchandise or rendering services, believing that a credit card account will provide payment for goods/services.
The merchant later learns that they will not be paid, or the payment they received will be reclaimed by the card's issuing bank. Typically, the fraudster causes a credit card of another person to be charged for a purchase. Today, half of all credit card fraud is conducted online, meaning that the fraudsters make online purchases with the credit card details of other people. |
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