 |
|
|
Posted: 11:05 PM Nov 19, 2008
Credit Card Scam Striking Across Stateline & Country
Financial institutions already suffering from our weak economy have another worry on their plates: fraud. A scam targeting banks and credit unions could drain our accounts in days, if we're not vigilant.
Reporter: Alice Barr |
|
|
 |
1 Comments 
"Schroeder says requiring businesses to ask for identification when customers pay with a card would cut down fraud." He's quite right, it would. Unfortunately, it's against the credit card companies' rules for merchants. So is accepting a card that says "See ID" in the signature block. Credit card companies talk a good line in public but the fact of the matter is that their rules are contrary to good security. Tom Mahoney, Director Merchant911.org 3800 merchants united to protect themselves against credit card fraud
[ Report Abuse ]