1 Answer - Sort by: Date | Rating
Credit card skimming is a kind of credit card fraud wherein the identity of the credit card holder is stolen by way of reading the magnetic strip of the credit card. The information is obtained by passing the card through a hand held device known as a skimmer which copies the information on your credit card like the card number, expiry date and security code which is then used to create a counterfeit card. A card thus created can be used to conduct transactions via the internet or over the phone.
Credit card skimming occurs in situation where the credit card is given to people like for example in a restaurant to tally costs. Cards that are issued along with a smart chip are guaranteed more security as the chip itself cannot be copied though the vital information still remains vulnerable to credit card skimming. The valid card holder often comes to know of the theft only when he is presented with the bills by the credit card company.
Credit card skimming occurs in situation where the credit card is given to people like for example in a restaurant to tally costs. Cards that are issued along with a smart chip are guaranteed more security as the chip itself cannot be copied though the vital information still remains vulnerable to credit card skimming. The valid card holder often comes to know of the theft only when he is presented with the bills by the credit card company.
0
0
- I Have A Sears Gold Master Account With Two Different Numbers. Am I Paying On Two Accounts?
- I Have Not Payed Credit Card Bills For Past 6 Months Due To Some Personal Probelms....Is There Any Problem In Visa Approval?
- I Have A Postcard With An Approval Number How Do I Apply?
- What Is My Nc Kids Card Balance?
- How Much Do I Owe Sears Mastercard Acc #5121079687513611. Rosa M Glasgow?
- I Have An Older Sears Card Xx 65106 254xxx. I Havn't Used For Years..has Customer Since 1994...can I Still Use It?
- I Was Approved To Receive A $500.00unsecured Net First Credit Line And Have A Approved Number?I Want To Enter My Approval Number
- How Do We Pay For Bece Candidate Online?
- I Also Got A Post Card From Net First Platinum, Is This A Scam? If Not Where Do I Go?
- A Charge Card Charges A Minimum Of $10.00 Or 2% Of The Outstanding Balance. Your Outstanding Balance Is $400.00. What Must You Pay?
- How Do I Find Out Standing Balance On Sears Credit Card?
- Can I Use Visa Gift Card On Meez?
- Received A Nettrustplatinum Approval Card In The Mail Where Do I Go?
- I Got A Post Card For 500 Net First Platinum Credit Card Where Do I Go?
- Received Nettrustplatinom Approval Card In Mail Where Do I Go?
- Got A Postcard From Netfirstplatinum Where Do I Go?
- How Do I Change The Credit Card I Use For My AOL Payment? I'm Getting A Final Notice From AOL About A Card I've Cancelled
- How Do I Check My Master Card Balance And Last Three Transactions?
- How Ca A Person Out Of The Country Obtain Credit Cards In The US?
- Disapproval Is To Not Approved As What Is To Approved?
- I Got A Approval Number In The Mail And I Want To Put It In To Get My Net First Credit Line?
- How To Report Loss Credit Card?
- How To Pay On Card Account If You Don't Have Access To The Card?
- What Do I Do To Enter My Approval Code?
- How Do I Get A Application For A Credit Card With K-Mart?
- What Does Skimming Mean?
- What Do You Mean By Skimming?
- Can I Get A Credit Card At 17?
- How Do You Get A Credit Card Without Credit?
- What Happens When You Get A Credit Card?
- How Do You Get Your First Credit Card?
- How Do I Get A Credit Card?
- When Was The First Credit Card Available?
- How Can I Get A Credit Card Before I'm Old Enough?
- How Old Do You Have To Be To Have A Credit Card?
- How Old Do YOU Have To Be To Have A Credit Card?

New Comment - Comments are editable for 5 min.