Credit Card Fraud

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Details

Credit card fraud is a wide-ranging term for theft and fraud committed using a credit card or any similar payment mechanism as a fraudulent source of funds in a transaction. The purpose may be to obtain goods without paying, or to obtain unauthorized funds from an account. Credit card fraud is also an adjunct to identity theft. According to the Federal Trade Commission, while identity theft had been holding steady for the last few years, it saw a 21 percent increase in 2008. However, credit card fraud, that crime which most people associate with ID theft, decreased as a percentage of all ID theft complaints for the sixth year in a row. The cost of card fraud in 2006 were 7 cents per 100 dollars worth of transactions (7 basis points). Due to the high volume of transactions this translates to billions of dollars. In 2006, fraud in the United Kingdom alone was estimated at Pds. 535 million, or US$750 830 million at prevailing 2006 exchange rates.

Weitere Informationen

  • Allgemeine Informationen
    • GTIN 09786130271183
    • Editor Frederic P. Miller, Agnes F. Vandome, John McBrewster
    • Sprache Englisch
    • Genre Psychologie
    • Größe H221mm x B154mm x T10mm
    • Jahr 2009
    • EAN 9786130271183
    • Format Fachbuch
    • ISBN 978-613-0-27118-3
    • Titel Credit Card Fraud
    • Untertitel Theft, Fraud, Credit card, Identity theft, Basis point, England, Chargeback insurance, Credit card hijacking, Financial crimes, Friendly fraud
    • Gewicht 229g
    • Herausgeber Alphascript Publishing
    • Anzahl Seiten 140

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