Credit card fraud is a subject that most people want to avoid, and understandably so. However, a basic understanding of what constitutes credit card fraud, how it occurs and how to prevent it can help merchants and consumers protect themselves and keep their financial information safe.
Rewards credit cards are on the rise again, thanks to banks that are trying to shift cardholders away from less-profitable debit cards. After a lull during the recent recession, banks are once again flooding mailboxes with credit card offers, and many of them carry those little extras that consumers have come to love: airline miles, travel points, free merchandise and cash back.
A virtual terminal is a secure website that enables a merchant to process credit card transactions securely over the Internet. Instead of using a traditional credit card terminal, a virtual terminal uses a computer, smartphone or mobile device like a tablet, and a secure connection to process payments.
A new report on the nature of data security threats faced by companies, detection and response trends, and the consequences that follow reveals that employee negligence was responsible for more than a third of the incidents studied.