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Topic: Business
Number of pages / Number of words: 5 / 1169
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This type of fraud is particularly hard to trace.

? Non-Receipt Frauds – Occurs when the reissued or new credit card is stolen before the customer receives it, usually via regular mail. However, since the implementation of the card activation, the number of such frauds has reduced significantly.

? Identity Theft – The criminals apply for a card, using other person’s information, so that this person bears responsibility for the debt of the wrongly issued cards...


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This way, extra identification and security measures on the card itself could reduce the possibility of a crime. The signature can be rather easily faked, picture is rarely present on the card, and even when it is printed on the card, the size and quality is often too low for proper identification. If we mange to surely identify the bearer of the card, the number of frauds could be reduced at least twice...


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