Credit card fraud is one of the biggest threats to consumers today. While banks are trying to prevent and detect credit card frauds by using advanced technology, the fact remains that credit card frauds are taking place. A group of interns led by Zarmina Khan has studied this subject at length and suggested some simple ways to safeguard your interests. For details see our Blog. http://drjayashreegupta.blogspot.in/2013/12/beware-of-credit-card-frauds.htmlmore
I think these are excellent, practical suggestions. Not clear, however, as to what is meant by issuer/acquirer. Further, is there any insurance to be taken out to protect oneself against fraudulent transactions? Is there any protection in case the card company/bank delay in reversing the debit? The banks are, nowadays, also introducing One TimePassword to validatea transaction; is that safe method.? Yogendra Kumar more
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By Vivek Gupta
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