8 Types Of Credit Card Frauds To Know

Amazing Facts About Credit Card Payments

8 Types Of Credit Card Frauds To Know




In my previous article, I have talked about some of the reasons why we need to embrace online payments as an option. In this article, I want to talk about eight major types of credit cards frauds that we should know when it comes to making payments online. Follow me as we are going to look at that together in this article.


Now the frauds…

#1 Credit Card Mail-Order Fraud

Here, the offender gathers information about a cardholder and sends a request to the bank for a new or a replacement card on behalf of the cardholder.


#2 Skimming / Counterfeit Card Fraud

Electronically copying authentic data on a card’s magnetic stripe to another card without the genuine cardholder’s consent.


#3 Chargeback fraud

A Genuine cardholder uses the card to purchase goods and services, and when the bank statements are issued, they call the bank and claim that they never authorised the transaction.


#4 Lost and Stolen Card fraud

The card is physically stolen or lost and then used by the offender to make online payment or perform any other transaction.


#5 Card Not Present (CNP) Fraud

An offender obtains credit card details and then purchase goods and services over the internet or by telephone, fax or email.


#6 Cash Machine Fraud

The offender tampers with a cash machine and then tricks the user into entering the pin in their presence.


#7 Shoulder Surfing

The offender oversees the card user when he is entering his card information with the sole purpose of using the card for an online transaction later on. 


#8 Identity Theft

The offender uses fraudulently obtained the personal information of a credit card holder to access credit card accounts. 


Action Point

I know you might agree with some of the points that I have raised in this article. You might not agree with some of the issues raised. Let me know your views about the topic discussed. We will appreciate it if you can drop your comment. Thanks in anticipation.

Download Our App.


CEHNigeria On Google Playstore

Download Our Blog App On Google Playstore.




Have a deeper understanding of Google Search Console. Join SEOPOZ for free.

Join Our Whatsapp Group Here


Join Our Whatsapp Group

Follow Us On Twitter and I will Follow Back


Follow Us On Twitter

Kindly follow me on Twitter and I promise I will follow back. Aside you will get updated when we post new articles.

About Adeniyi Salau 884 Articles
I am an IT enthusiast and a man of many parts. I am a Certified Digital Marketer, Project Manager and a Real Estate Consultant. I love writing because that's what keeps me going. I am running this blog to share what I know with others. I am also a Superlife Stem Cell Distributor. Our Stem Cell Products can cure many ailments.

Be the first to comment

Leave a Reply

Your email address will not be published.


CommentLuv badge