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  2. Credit card fraud - Wikipedia

    en.wikipedia.org/wiki/Credit_card_fraud

    A fake automated teller slot used for "skimming". Credit card fraud is an inclusive term for fraud committed using a payment card, such as a credit card or debit card. [1] The purpose may be to obtain goods or services or to make payment to another account, which is controlled by a criminal.

  3. Biggest Credit Card Scams To Look Out For in 2022

    www.aol.com/finance/biggest-credit-card-scams...

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  4. Carding (fraud) - Wikipedia

    en.wikipedia.org/wiki/Carding_(fraud)

    Carding is a term of the trafficking and unauthorized use of credit cards. [1] The stolen credit cards or credit card numbers are then used to buy prepaid gift cards to cover up the tracks. [2] Activities also encompass exploitation of personal data, [3] and money laundering techniques. [4]

  5. Controlled payment number - Wikipedia

    en.wikipedia.org/wiki/Controlled_payment_number

    January 2009, MasterCard and Cyota Inc. acquired the controlled payment number system developed by Orbiscom, a Dublin-based payment processing company. [2] In the United States, the system is used by the following credit card issuers: Bank of America "ShopSafe" (inherited when it acquired MBNA) (and now discontinued-see below) [3] and Citibank "Virtual Account Numbers". [4]

  6. Internet fraud prevention - Wikipedia

    en.wikipedia.org/wiki/Internet_fraud_prevention

    Internet fraud prevention is the act of stopping various types of internet fraud.Due to the many different ways of committing fraud over the Internet, such as stolen credit cards, identity theft, phishing, and chargebacks, users of the Internet, including online merchants, financial institutions and consumers who make online purchases, must make sure to avoid or minimize the risk of falling ...

  7. 'Card declined' scares online shoppers in latest scam to run ...

    www.aol.com/card-declined-scares-online-shoppers...

    The shopper had just entered a credit card number and was sent a message saying that the card did not go through for some reason. The consumer tried to make the purchase again, using the same card ...

  8. Card-not-present transaction - Wikipedia

    en.wikipedia.org/wiki/Card-not-present_transaction

    [2] [6] The scammers also ensured that when they checked their online merchant accounts, that they used an IP address located near the billing address so as not to arouse suspicion. [6] A charge of $9 was processed on about one million credit cards over the four-year period. [6] Each card was billed a single time.

  9. Card security code - Wikipedia

    en.wikipedia.org/wiki/Card_security_code

    There are several types of security codes and PVV (all generated from DES key in the bank in HSM modules using PAN, expiration date and service code): . The first code, 3 numbers, called CVC1 or CVV1, is encoded on track one and two of the magnetic stripe of the card and used for card present transactions, with signature (second track also contains pin verification value, PVV, but now it is ...