Credit Card Frauds

About the Scams

Credit card frauds continue to increase. The most common consumer-oriented frauds are:
  • Imprinting a larger amount than the actual purchase.
  • Imprinting two vouchers - one for the actual transaction, the other to be used later when a fraudulent amount is entered, a signature is forged, and the voucher is submitted for payments.
  • Using valid credit card numbers obtained from the carbon paper inserts of the voucher for mail or phone orders.

How to Avoid

  • Compare the imprinted and handwritten amounts before signing.
  • Retain all vouchers and reconcile your account monthly.
  • Retain and destroy all carbon paper inserts.
  • Report lost cards immediately.