Credit Cards Fraud
Credit Cards Fraud
Nowadays, computer technology is growing bigger and bigger. This tremendous and powerful improvement has its good and bad connotations. Credit cards are one popular invention of the computer era. According to www.1stamericancardservice.com, a credit card is a plastic card bearing an account number assigned to a cardholder with a credit limit that can be used to purchase goods and services and to obtain cash disbursements on credit, for which a cardholder is subsequently billed by an issuer for repayment of the credit extended at once or on an installment basis. It has some advantages and disadvantages. Fraud is the main problem of the credit cards which it is presented and committed in different forms.
The credit cards present a list of good and bad points and this according to www.themint.org and acclaimcreditcards.hypermart.net. On one hand, advantages are well presented and carry lot of points. First, it is a safe alternative to cash. When you have your card in your wallet, you don 't have to carry cash that can be lost or stolen. If your credit card is lost or stolen, you can report the missing card to the card company. The company will then stop accepting any charges on your card. What 's more, you won 't be charged for purchases made by someone else. You can also withdraw cash from many the branches of the issuing company or from various ATM 's all over the word. Second, it builds a good credit history. If you use your card responsibly, you can begin to build a good credit rating for yourself. Later in life, when you need a loan, a lender will want proof that you pay your debts. A good credit card history will help you get your loan. A poor credit history will work against you. Another advantage is that the credit card bails you out of emergencies. Got engine trouble miles from home? Need to be towed? The tow truck and the auto repair shop will accept your credit
Nowadays, computer technology is growing bigger and bigger. This tremendous and powerful improvement has its good and bad connotations. Credit cards are one popular invention of the computer era. According to www.1stamericancardservice.com, a credit card is a plastic card bearing an account number assigned to a cardholder with a credit limit that can be used to purchase goods and services and to obtain cash disbursements on credit, for which a cardholder is subsequently billed by an issuer for repayment of the credit extended at once or on an installment basis. It has some advantages and disadvantages. Fraud is the main problem of the credit cards which it is presented and committed in different forms.
The credit cards present a list of good and bad points and this according to www.themint.org and acclaimcreditcards.hypermart.net. On one hand, advantages are well presented and carry lot of points. First, it is a safe alternative to cash. When you have your card in your wallet, you don 't have to carry cash that can be lost or stolen. If your credit card is lost or stolen, you can report the missing card to the card company. The company will then stop accepting any charges on your card. What 's more, you won 't be charged for purchases made by someone else. You can also withdraw cash from many the branches of the issuing company or from various ATM 's all over the word. Second, it builds a good credit history. If you use your card responsibly, you can begin to build a good credit rating for yourself. Later in life, when you need a loan, a lender will want proof that you pay your debts. A good credit card history will help you get your loan. A poor credit history will work against you. Another advantage is that the credit card bails you out of emergencies. Got engine trouble miles from home? Need to be towed? The tow truck and the auto repair shop will accept your credit
References: Interview with Dr. Wissam Souaid (21/12/2004), PhD in computer law from Strasbourg University, France. Ex-lawyer of Rafic Hariri 's office. Actually, lawyer and teacher at USEK, kaslik. Interview with Mr. Joseph Abou Khalil (30/12/2004), Branch manager of BLC bank, Jal el Dib. Phucas, K. (28/12/2004). ID theft showing increase. www.timesherald.com. [Accessed on 03/01/20005]. Sands, D. (03/01/2005). Fraud in the cards. www.canoe.ca. [Accessed on 03/01/2005]. The mint {website} Wilson, B. (03/01/2005). Stolen credit cards causing trouble this holiday season. www.WTNH.com. [Accessed on 03/01/2005]. www.biovericom.com. (2004). Statistics on credit card fraud. [Accessed on 03/01/2005].