How do the police investigate credit card fraud? | Homework.Study.com (2024)

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• I had a random fraud call asking about my bank details and credit card details. Should I complaint about this in the bank or in police station?
• How do credit card companies fight the criminal use of people's credit card numbers?
• When you give your credit card to someone in a restaurant, is there a chance that the waiter might commit fraud with the card number? Explain briefly.
• How do people steal identities using social security numbers and use them to obtain loans and creditcards? Why aren't they caught immediately?
• How do I load a credit card with fake money and still withdraw it successfully?
• How would someone cheat using a bank letter of credit to take a loan?
• Can you explain how financial fraud occurs within an institution when everything monitored?
• How is tax fraud done?
• How does a merchant manage to charge your credit card after you have had the card number changed?
• Explain briefly the use of cash and internal controls to prevent fraud.
• What are the ways to find credit cards that can be issued to someone with great credit but few revolving credit accounts?
• How do hackers create fake bank accounts?
• What kind of statistical methods are used in credit card fraud detection and anti money laundering?
• When your identity is stolen, then credit cards and loans are taken out in your name, why is it up to you to fix it instead of the financial institutions?
• How did Visa manage to convince the merchants to pay for the credit card processing fees?
• How do I make sure a credit card with no official spending limit doesn't ruin my credit score?
• Explain the use of cash and internal controls in preventing fraud.
• Is identity theft only perpetrated to acquire money, goods, or services?
• How does credit card processing work and what exactly do companies like? Explain briefly.
• How can a housewife WITHOUT income get a credit card and/or become an insolvent person?
• Suppose that someone stole your ATM card and withdrew $1000 from your checking account.How much money could you lose(according to federal legislation) if you reported the stolen card to the bank: (a)
• How did credit rating agencies manage to get away with gross mis-ratings before the 2008 financial crisis and emerge even stronger in January 2016?
• Should I be suspicious of an online merchant who only accepts bitcoin for payment?
• What constitutes identity theft?
• Are skimming or cash larceny schemes committed more frequently? What evidence do you provide to support your answer?
• What financial crime are e-Wallet providers experiencing? What are they liable for? Is it different for Isis vs. Google or Paypal Wallet? Is fraud different for an m-Wallet vs. an e-Wallet?
• I've filed a fraud claim with my financial institution and they're refusing to reimburse me although I'm 100% not at fault. What can I do?
• How do I get my cvv number with only my credit card number?
• How do department stores management their own credit cards? Do they have a deal with a bank? How do they get Visa on their cards?
• What happens when a billing address is incorrectly entered for a credit card transaction?
• How did the $1.77 billion Punjab National Bank fraud in the Mumbai branch take place?
• How bad is a 540 credit score for someone in his/her 20s who's in around $5k of credit card debt?
• Why has more not been done about the credit rating agencies in the aftermath of the 2008 financial crisis?
• Suppose that someone stole your ATM card and withdrew $650 from your checking account. How much money could you lose according to federal legislation if you reported the stolen card to the bank: (a) the day the card was stolen, (b) 6 days after the thef
• I lost my ICICI bank debit card. How long will it take for them to issue me a new one? 9123 326395
• What are some useful credit card tips or hacks?
• You have $450 in your checking account when your ATM card and PIN are stolen. You could lose up to __________. a. $0 b. $25 c. $50 d. $450 e. $500
• How do debt collection agencies deal with accounts when the person owing is dead?
• What will happen if someone doesn't pay their credit card bills in India?
• How did banks keep track of your money before technology?
• How do I buy something that's more than my credit limit via my credit card?
• Suppose that someone stole your ATM card and withdrew $1,000 from your checking account. How much money could you lose (according to federal legislation) if you reported the stolen card to the bank: (
• Will my credit score go down if my card gets declined at a store?
• How does a credit or debit card transaction actually work behind the scenes? Explain briefly.
• How can you identify if a payment card is a debit card or a credit card?Essentially, I will need to do some back-end work to differentiate the two. For example, how does Braintree know that the card b
• How can I stop debt-collecting agencies from threatening me?
• How could I collect the debt if the person who owes me money suddenly died?
• Why do merchants charge extra on credit card transactions in India? Is there a way to stop them from doing so? Explain briefly.
• Why are the algorithms that credit bureaus use to calculate credit scores, secret?
• Does spending 90% of one's credit limit on a credit card ruin one's credit score? If so why?
• Indian Income Tax Department: How to deal with corrupt Assessing Officers?
• How can corruption be reduced by being cashless?
• Has the Indian government introduced any recent legal safeguards for reducing credit card fraud liability, while promoting cashless transactions?
• How are fraudulent void schemes used to generate a disbursem*nt from a cash register?
• Do financial institutions still rely on social security numbers given how widely hacked such data has been, the latest being Equifax?
• Why can't credit card systems distinguish between having and using credit?
• How do credit-scoring systems work?
• How bad can it get to become involved with a debt collection company if you owe money?
• What document among those requested can't be faked by the shipper when getting a payment via a letter of credit?
• Is it true that our credit score can be upgraded by "hackers?"
• How long is a transaction record kept for calculating credit score in India? I need to know my credit score.
• How can I deactivate my HDFC credit card?
• Can a hacker be paid to hack credit scores on all three of the credit agencies?
• How do banks manage credit card defaults of foreigners who hop on a plane and escape back home after maxing out the maximum number of credit cards possible?
• What is the single most important liability that the auditor must be aware of relating to fraud, and why?
• How do government debts work?
• Why are some credit card issuing companies rejecting the applicant's application despite having high credit score (800 and above) when applied for the first time?
• Where can I find credit score algorithm?
• How does your credit score become higher?
• What is the typical punishment for the crime of lying on financial statements in a loan application?
• What measures can the board of directors of a corporation take to discourage unethical (and illegal) behavior, such as the mail and wire fraud by E. F. Hutton managers.
• How can Bill Me Later affect a person's credit score?
• How can I find any account holder through the card number?
• List 2 computer-aided audit tests to help detect cash larceny schemes.
• How do I get my CVV without my card?
• How do I unblock an IOB debit card which is blocked by a wrong pin?
• How do I know my HDFC credit card billing due date?
• I messed up really badly, and my credit score went from about 730 to about 540. I finally finished paying off all of my credit card debt. How do I recover my credit score?
• Why does a credit card company bother giving credit cards to people that will always pay off the balance in full?
• What do credit card billing addresses mean, and how are they used?
• What measures can a corporation's board of directors take to discourage unethical and illegal behavior, such as the mail and wire fraud by E. F. Hutton managers?
• How can I challenge my ex-manager claiming undue credit without burning bridges?
• My Credit Card is going to expire next month but still I have a due amount of near about 25k on that Credit Card. Now, what will happen and how can I get my new Credit Card?
• I mistakenly entered the wrong pin for a debit card 3 times. Now the card is blocked for transactions. How do I unblock it (it's an Axis Bank Visa debit card)?
• Why are credit rating agencies so entrenched in the financial markets?
• Why does the credit card company I've had for several years refuse to increase my credit line even though I've never missed a payment?
• Why do banks charge interest for secured credit cards?
• Why do airlines insist on an authority letter when I buy a ticket for someone on my credit card but do not travel with the person?
• How did the Rothschilds enforce debt collection?
• How often must I use a credit card before the bank considers it inactive or lowers my credit line?
• Is it safe to give your credit card number and CVV to anyone?
• How can you improve your credit score and how long can it take to erase a poor credit history?
• Visually, how do I differentiate between a credit and a debit card?
• How are credit sales recorded?
• What is the credit investigation procedure that involves the lender contacting creditors, employers, and landlords to confirm the information on an application? A. information request B. direct verification C. trade lining D. credit reporting
• How do debt collection agencies make a profit by buying other people's debts, when there is no guarantee that they can acquire the money?
• How does cashless society lead to less or nil corruption?
• Why is the Hong Kong Bank (HSBC) in Hong Kong not being instigate for the financial crimes they committed?
• What is the best algorithm for automatically calculating a credit score?