What Are the Best Ways To Prevent Business Credit Card Fraud?

Credit card fraud refers to the deliberate use of forged or voided credit cards, the fraudulent use of other people's credit cards to defraud property, or the use of my credit card for malicious overdrafts.

Credit card fraud

Right!

Credit card fraud refers to the deliberate use of forged or voided credit cards, the fraudulent use of other people's credit cards to defraud property, or the use of my credit card for malicious overdrafts.

Chinese name

Credit card fraud

Foreign name

Credit card fraud

Object

Cash currency, commodity currency

Object

The object of fraud is the external manifestation of the object of fraud

Form

Lost card fraud

(One)

(1) Lost and used ^[2]

(I) Improve rules and regulations ^[1]

First of all, we must start with a sound system and carry out regular inspections of the implementation of rules and regulations, identify problems in a timely manner, and continuously improve. It is necessary to strictly control the issuance of blank cards, vouchers, and documents, and to implement the registration and storage system carefully. The registration and distribution of the "black list" must be timely and accurate. Authorization should be done in strict accordance with operating procedures.

In order to adapt to the continuous development of credit card business, it is necessary not only to repeatedly train credit card staff, but also to enable all banking staff to have a certain degree of understanding and understanding of credit card functions, business requirements, and rules and regulations. In the process, problems were continuously discovered and suggestions for improving the system were made.

(2) Improve the ability of credit card practitioners and special merchant merchants to distinguish between fake and credit cards

A large part of credit card fraud crimes are caused by criminals using fake credit cards, and credit card staff and special merchant staff lack recognition ability or negligence. Therefore, it is necessary to vigorously improve the credit card staff and special merchant staff. The ability to discern serious fake credit cards while increasing their job responsibility.

(3) Vigorously improve the anti-counterfeiting technology of credit cards

Improving the anti-counterfeiting technology of credit cards will undoubtedly set a barrier for those who are profit-seeking and eager to move, and will definitely reduce the occurrence of fake credit card fraud.

(IV) Strict authorization management

Authorization management refers to a method of controlling credit questioning and over-limit consumption. Good management of authorization can reduce the occurrence of fraud, reduce risk losses, and not give criminals an opportunity. It is necessary to formulate detailed hierarchical authorization principles and starting points for hierarchical authorization amounts, adhere to authorization within the scope of authority, adhere to a 24-hour authorization system, and implement a strict authorization record and shift registration system to ensure that each transaction is accurate.

(V) Bank credit card business practitioners and contract merchants should strictly follow the operating procedures when receiving and transferring credit cards.

(VI) Establishing a blank certificate and punch card management system

After a blank card is easily stolen by criminals, information such as a fake card number is forged into a credit card. Therefore, the management of blank cards must be strengthened to prevent unnecessary losses. The receipt, issuance and receipt of various blank vouchers (cards) must be included in the "Blank Important Witness" table for each item of surgical accounts, and a person in charge is responsible for management. The business executive should conduct frequent and irregular checks to ensure that the accounts are consistent.

(VII) Pay close attention to electronic engineering construction

Credit card business needs to use advanced scientific and technological equipment to transmit information and provide services. Because the delivery and prevention of stop payment lists and malicious overdrafts all require developed electronic networks, if the delivery of stop payment lists is not timely, it will cause large economic losses. Each period of stop payment list goes through internal collation, printing, mailing and other procedures. It usually takes about 10 days before it can be sent to special merchants and cash withdrawal points. During this period of time, if it is misused by criminals, it may cause certain economic losses. Therefore, the POS automatic authorization system should be established as soon as possible; the stop payment list inquiry machine can be implemented to electronically exchange data files across the country and quickly transfer relevant information. American Express uses a type of credit card checking terminal called CAT90. In addition, computer knowledge of credit card practitioners should be strengthened. Only in this way can advanced technology be used to combat criminal activities and stop credit card fraud. To this end, we must invest a lot of manpower and material resources to do a good job of electronic engineering construction.

(8) Strict law enforcement to strengthen efforts to combat credit card fraud

For the use of credit cards to forge credit cards or malicious overdrafts, how to convict them is not clearly stipulated in our old criminal code, because our criminal code was born in 1974, and our country began to use and issue credit cards since 1986. Relevant legislation has not kept up, which has created an unreliable situation for our judicial practice. This has affected the crackdown on credit card fraud in China to a certain extent. Because for serious crimes of credit card fraud, only let the criminals bear civil or administrative responsibility, which is obviously not conducive to cracking down on such illegal and criminal activities. To some extent it also constitutes an indulgence in credit card fraud.