Debit Card and Credit Card Fraud - Warning Signs
Credit Card scam or fraud is a term used for the theft and frauds related to credit cards or similar payment systems. The scammers can be phishing websites, emails or other physical sources. They steal the information by some or the other means and then use the information to buy goods or to do other transactions. This can harm you badly. The best way to protect yourself from these scams is awareness about the scams going on, on internet or through other mediums. NEXCEL keeps you updated from such risks and hence helps you in protecting yourself from frauds.
The fraud begins with either the theft of the physical card or the compromise of data associated with the account, including the card account number or other information that would routinely and necessarily be available to a merchant during a legitimate transaction. The compromise can occur by many common routes and can usually be conducted without tipping off the card holder, the merchant or the issuer, at least until the account is ultimately used for fraud.