Tag Archives: profit from fraud

Street Level Credit Card Fraud

Remember the stories about thieves arrested with hotel key cards containing Credit card information? Snopes claimed they weren’t true. Until now. Continue reading

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Another Less-Than-Useless Service

Marketing a service under the name of “Verify-Me-Now,” the company known as Ifbyphone is offering to “SLASH credit card fraud” with a simple telephone call. There’s a problem. They have no idea who their automated system is calling! Continue reading

Posted in credit card fraud, e-Commerce, fraud, greed, merchant, profit from fraud | Tagged , , , | 21 Comments

Credit Card Fees Over Fraud Prevention

The major credit card brands do a fine job talking up security to the public. But when it’s a choice between consumer security and lower transaction fees – fees win out every time.
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Telephone Fraud Prevention Service

I’Äôm talking about the services that offer to automatically place a telephone call to a potential customer to verify that they are actually holding the credit card. Continue reading

Posted in credit card fraud, e-Commerce, fraud, Fraud screening, greed, merchant, profit from fraud | Tagged , , , | Leave a comment