Internet Credit Card Fraud

Hello all,
I recently purchased a trial on a website, and was upgraded to a full membership without my authorization. I have emailed the company and they have agreed to refund me, but sent this along with it:

"With regards to the refund, we have no problem giving you a refund for the
unauthorized transaction but before we do so, we are required to inform
you that in issuing a refund the website will declare the transaction as
fraudulent. This will place your name, address, zipcode, and credit card
number into an Internet fraud database. All internet credit card
companies use this Database. Our billing processor will put you in this
database. And if you are entered into this database, your credit cards
will not work online in the future."

Is this something I should really be worried about or is it just a scare tactic? Thanks anyone who can help!

It's a scare tactic. There is no "internet credit card fraud database", and the information they are providing is conflicting in it's own right. Their billing processor is likely one of MANY 3rd party companies that offer e-commerce and merchant credit card processing. While that billing processor may do an internal block in their own database, they most certainly cannot put a block on your card for purchases with other merchants or retailers.

If that was the case, then everyone that got put on this 'database' would just call their credit card company and have a new card issued.

It's absolutely a scare tactic. Besides, you did not commit fraud, they did.

If they give you a hard time with the refund, file a complaint and a charge back with your credit card issuer. This is what I would have done in the first place, especially since it was an unauthorized charge to begin with. Don't deal with those clowns.

2008-06-02 07:15:14 by got2_loveit@sbcglobal.net

Retailers often do not check IDs or signatures. Credit card companies do not require merchants to check IDs either. Not signing your card voids ...

I am setting up an online business. I am going to sell downloadable products that allow customers to receive merchandises as soon as they provide the necessary credit card information. It won't take long for a transaction to be completed. It, therefore, won't leave me any chance to apply fraud prevention methods such as matching billing address to ship-to address, address verification, IP address check etc...I was advised to ask for the Card Verification number along with the credit card number but I am just not sure if a hacker could obtain that info (CVV2, CVC2) from the credit card companies database. It looks like nothing is impossible for hightech crooks for I have seen a long list of credit card info posted in some forum so that anyone could use it to conduct fraud.

Could someone give me some advices on how to prevent internet credit card fraud. I need your expertise please. Thank you

Everything can be hacked, it's just a matter of time and effort. The best protection is to be proactive. Make sure that you are able to analyze everything about your data, including who accessed it, when it was accessed, and where. Never sacrifice speed for security, it does no good to have a fast service if everything is going to be compromised.

My first source includes a website that trys to break in to your website and points out holes in your security and how to prevent credit card fraud. The rest are just informational links but worth a look. Hope this helps.

2006-03-08 16:41:03 by bluesky

Price: $9.99

Someone bought a cellphone with my credit card( bank debit) online and had ti delivered to my address and they picked it up before I got home or while I was sleeping. I saw the strange charge on my account. Called cricket and they explained. But how do they catch them and find out who it is?
If someone is using your internet signal ( wireless signal) and are on your IP can the police do anything?

Sadly, the police and credit card company probably wont' even bother.

2009-07-06 21:13:42 by Lo

Price: $3.97

I've been the victim of fraud twice in 3 months with 2 different cards. I have been shopping online for years with no problems and then all of a sudden twice, paypal seems to be the problem as its a site I used both times and didn't last month when I had no problems. I'm wondering though if the site is to blame or is it my computer that's the problem esp. with 2 cards being stolen(virus maybe?) I need to buy plane tickets etc.. online regularly but now I'm afraid to use my computer at all.
I didn't respond to emails or anything , went to paypal.com and it was a secure server - https.

I only have anti-virus that I downloaded from the net

I've heard about a lot of Paypal problems lately, what website were you using the 2 times it happened? are you running a anti-virus and a firewall?

2008-04-22 13:33:07 by actingout

If you do not check a company before entering into a transaction, you could lose your money, time and credibility. Some widely used resources are the Better Business Bureau (www.bbb.org) and the national fraud center (www.fraud.org) these days, you can easily find out more about a company using the internet in a few minutes. From a company's website, you can details about its ownership, how old the company really is and feedback from the company's customers.
You can find more detailed information about a company at http://tinyurl.com/gtb89

2006-07-10 23:44:11 by moon