Letter of credit fraud is a financial scam and a white collar crime that is subject to fervent prosecution by federal agencies Letter of Credit Defined A letter of credit is a letter from a bank or other financial institution guaranteeing that a buyer’s payment to a seller will be received on time and for the agreed upon amount. It is a “promise to pay,” and serves as a guarantee that payments will be made to a specific person or business under specified…
DON’T MISS (June 29 Webinar): "How to Grow Your Credit Portfolio"
How can you achieve growth in your consumer and commercial credit portfolios?
What is Credit Fraud?
Credit fraud is a broad term for the use of a credit card (or any comparable type of credit) to buy goods or services with the intention of evading payment.
Tips for Avoiding Credit Card Fraud
Learn how advances in technology are providing better protection against credit card fraud.
How to Stop Credit Card Fraud
Credit card fraud, despite measures to stomp it out, still runs rampant in America. So how can you spot CNP fraud? Visa offers the following warning signs for this type of crime.
Tips to Avoid Credit Card Fraud
With nearly 38,000 complaints logged in 2015, credit card fraud ranks as the second most common form of identity theft, behind only tax- or wage-related fraud, according to the Federal Trade Commis…
Identity Theft & Credit Card Fraud
Try these common-sense, no-cost measures to protect against identity theft and fraud. Did you know that if you\'ve been a victim of identity theft, you might be entitled to free credit monitoring?
Project Portfolio Management Digest
Video While Steve Jobs is unquestionably a great innovator, many companies succeed by pursuing innovation quite differently. (Photo credit: Wikipedia) Innovation has become management’s new imperative. Everybody wants to be the next Apple, Google or Netflix, nobody wants to be Kokak, Blockbuster...
What Is Credit?
Welcome to Money Minute! A series dedicated to answering your biggest $$$ questions in 60 seconds or less. Have a question? Leave it in the comments below! M...
Carbon credit fraud in the EU: how does it work?
It is an evolution of VAT fraud that focused on high-value goods such as computer chips
The Top States for Credit Card Fraud
Identity theft has become a major problem in the U.S. that many financial institutions and government agencies are striving to prevent, and it seems that one type in particular has grown rather popular in the northeastern part of the country. Payment card fraud -- including identity theft on debit and credit accounts -- is on the rise in 20 states nationwide, a large number of which are in the Northeast, located along the eastern seaboard, and in the Southwest, according to new data…
How banks are detecting credit fraud
You don't need a gun to rob a bank any more. Now a bank robber's most powerful weapon is a computer and an internet connection. As internet trading increases, so does the threat of organised and automated fraud. No longer does the fraudster need to be present or make a phone call to commit a crime This Article Covers Related Content Latest Blog Posts Put the customer first and reap the reward Smart speakers: How to give apps a voice You don't need…
Reducing Credit Card Fraud with EMV
The recent liability shift in the United States has driven many financial institutions and retailers to shift to a more secure payment technology in EMV.
How to Prevent Credit Card Fraud
Using plastic to make purchases is convenient, but it carries a risk. Take precautions to avoid all-too-common forms of credit card fraud.
Tips to avoid credit card fraud
Credit card holders can take basic steps to try to protect their finances.
How a Multisector Credit Approach Can Lower Risk, Increase Diversification
Invesco’s Joe Portera, chief investment officer, high-yield and multisector credit, Jennifer Hartviksen, senior portfolio manager, head of global high yield, and Ken Hill, senior portfolio manager, Invesco fixed-income multisector, discuss the goals a multisector credit allocation can help investors reach, and how. Published September 30, 2019
Credit Card Fraud: Why EMV Matters in the U.S.
Source: LDprod via Shutterstock We are currently in the middle of a massive technological shift - one that might be going unnoticed by most consumers. The debit and credit cards most individuals carry around in their wallets are being upgraded to a higher global standard known as EMV (Europay, Mastercard, Visa). Some of you may have already received a new card from your financial institution with…
Why are Credit Unions better?
A short, fun animation promoting Credit Unions as a better place to keep your money. Re-invest in our local communities through the transfer of funds from ba...
Tips on Credit Scores, Credit Management & Credit Cards
Understanding credit scores and use of credit cards is essential to achieving financial goals . Better Money Habits has tips for tackling tough credit decisions.
How to Protect Yourself from Credit Card Fraud |
Credit card fraud is a growing threat to consumer bank accounts globally. The following are several tips to help protect yourself from Credit Card Fraud.