Credit card fraud can be described as any type of fraud committed with a card, whether it’s a debit card or a credit card. The usual purpose of this type of fraud could be to get cash or goods, or just to make other type of payment to a third party which is controlled by an illegal person. Credit card fraud has reached epidemic levels and in fact there are still a lot of people who have not reported any fraudulent transactions because they don’t believe that they will be taken to court and found guilty of these crimes. However, if they are ever caught and proven to have committed such a crime, then the consequences will be far reaching and the person could face jail time or even a heavy fine.
Credit card fraud usually takes place at the checkout counters when people carry large amounts of plastic money from their wallet or purse to pay for their shopping. This means that there will be a possibility that there is somebody else who also carries a huge amount of plastic money and the intention is to get their hands on this money and hand over it to the fraudster.
In order to prevent such criminal activity, all shops and establishments should be equipped with high security measures such as a scanner that can read all cards that are inserted into the machine. The process of getting cash from one card to another card must be completed as quickly as possible so that no card is missed.
Another step that you need to take when you enter a shop that sells credit cards is to use your credit card only when you really need to purchase something. By doing this, you will not have to worry about being ripped off or being charged a huge amount of money for something you won’t be able to use. Another thing to do is to never hand over your card unless you know the number printed on the back. This way, you are sure that you will not have to be cheated out of your money.
Credit card fraud can be prevented by using your card for purchases only and never give it out. If you are using your card for shopping, ask for the sales clerk to scan your card first before giving it out. This will help you save on time and keep you from being ripped off as well.
If you have ever had your credit card is stolen or if you have been a victim of credit card fraud, then there is a good chance that you will lose it again. That is why you should make sure that you never leave it in your wallet. Don’t go out with it in the hand of somebody else. The worst thing that you can do is to give out your credit card to someone you know nothing about or give it out without verifying his identity or even knowing the address of the person who is about to use it.