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Written by Robert Owen
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Credit card fraud is a multi-billion dollar industry, costing businesses in chargeback fees and resulting in higher prices for consumers to offset merchants' losses. The high costs of credit card fraud is forcing businesses and the government to take tougher measures and to work smarter to prevent, detect and investigate it.
According to the Federal Trade Commission, credit card fraud created costs that amount to about 7 cents of every dollar transacted via credit card. This totals up to about more than $100 billion in the U.S. However, over the last few years, credit card fraud has been decreasing in the U.S. as security has improved.
Credit card fraud is essentially the commission of theft or fraud using a credit card. Credit card fraud is fairly wide-ranging, and can occur |
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New Rules Impact Credit Card Industry |
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Written by Robert Owen
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It's not often that the two parties of the U.S. Congress can agree on an issue these days, but one recent piece of legislation that came before Congress and gathered strong bipartisan support was |
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Keeping Your Credit History Clean |
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Written by Robert Owen
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If you're looking to build or protect your credit history, making your credit card payments on time and keeping your ratio of debt to debt limit low are important.
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