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Italia or Elze
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Italia or Elze   My Press Releases

10 Cons of an International Credit Card

Published on 12/8/2018
For additional information  Click Here

Any feedback would be great. "Most important Article of your Life so make sure you read this and Leave comments and right here is just one of the articles of 1100 articles across multiple subjects that are bringing me "Prospects and Leads" and YOU need these too.  If you want to see us live, just click:  http://www.CyberWealthZone.com  and ask the Sr. Monitor in the Live Business Center how you can get these articles for yourself already written for you. 

Credit card fraud is a fast increasing crime in the world. International Credit Card holders are mostly the victims of this unauthorized access to their accounts. Let?s take a closer look of the problems faced by international credit cards.

1. Repetitive use of credit card numbers. After a credit card number has been used and disregarded, say cancelled, credit card companies would reissue the same number to other cardholders. The personal identification numbers (PIN) is changed as well as the credit cardholder?s personal information. But it still bears the same credit card number.

2. Low standards when it comes to the use of cards by the participating merchants. This is a common problem encountered by international credit cardholders. Employees of the participating merchants have the full access to the account number as well as the security number of the card.

3. Account Statements given out by credit card companies contains less information about the participating merchant. It does not include relevant information about the vendor that charged any transaction on the credit card.

4. Unreliable blocking functions. Once a card loss is reported, it will still take months for the credit card companies to block the transactions being made through the stolen or lost credit card.

5. Lack of validation software. Participating vendors should have better validation software installed on their computer system.

6. Consumer unfriendly policies on fraud management. The policies on the present fraud management take the blame on the cardholders though not directly stipulated. This means that the policies on the fraud management of international credit card companies protect not the consumers but the company.

7. Lax standards on investigation about fraudulent transactions. This is the sad part for the victims of fraud through their credit cards. Getting the suspects charged though proven guilty of fraud seems to take on slowly.

8. Credit card fraud is usually committed through online transactions. This means that credit cardholders are not protected with the authorized or unauthorized use of their cards on purchases or services paid online.

9. Most of the companies that typically appear on charges are those associated with pornography industry. These companies are the ones that accept transactions even without verifying the cardholder?s information.

10. Most of the banks? system is not compatible with other international credit card companies for the e-commerce. This is a potential weakness that would mean loss of clients so they would prefer to keep quiet about it.

CPP_author

Italia-Linda Elze is the Owner of <a rel="nofollow" href="http://CyberWealthZone.com">http://CyberWealthZone.com</a>. Check us out anytime for marketing tips and a free subscription to our cutting edge newsletter. Check out 5 Minute Profit Sites ->  http://www.CyberWealthZone.com/?rd=ez7dd0ul

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