The Bad Bad World Of Credit Card Frauds
Credit card fraud All technology has its downsides. The greed of man drives him to look for a way to use technology for vested interests. Cards, which make payments so convenient, have also made millions for unscrupulous elements who have found loopholes to use to their own personal benefit. The simplest form of misuse is [...]
Element of Security Bank Credit Managers Need to Consider
If the bank credit manager decides to extend credit to the customer, the choices available are to: Extend a line of unsecured credit. Extend a line of unsecured credit with endorsement or guarantee. Offer a loan secured by one or more assets. The Credit Manager can properly decide to grant unsecured credit only when a [...]
5 Tips for Preventing Identity Theft
Although scores of companies continue to arm themselves against identity thieves there is a constant vulnerability looming. Therefore, it is up to you to maintain constant vigilance on how you surf, what you spend and where you visit. Too many victims of identity theft assumed they were protected by the organizations they did business with [...]
Fraud Prevention
Identity fraud can range from passing bad checks and using stolen credit cards to taking over another person’s total financial existence. After obtaining a loan or running up credit card charges, the thief typically disappears never to be seen again, and leaving a ruined credit rating that may take you years to correct. Efforts to [...]