"Fraudulent purchases" refers to unauthorized or dishonest transactions where someone makes a purchase using someone else's information without their knowledge or permission.
Full definition
If your credit or debit card is lost or stolen, and you report the loss promptly, you may not be responsible
for fraudulent purchases made with your card.
In the event that hackers got their hands on sensitive transaction information, they wouldn't be able to
make fraudulent purchases with stolen credit card data.
You also get the peace of mind in knowing that you are not responsible for
fraudulent purchases with their $ 0 Liability Guarantee.
If a card number is stolen, it is less likely that the thief would have this information, thus it is a way to protect both you and the merchant
from fraudulent purchases.
Federal law requires a limit of $ 50 but the trend, especially with rising cases of identity theft, is for banks to absorb the full cost
of fraudulent purchases.
Credit card skimming is when a crook obtains your credit card number and makes
fraudulent purchases on your credit card without having to steal your actual credit card.
Availing of fraud protection services can help automate this process, and using their advanced algorithms, filter
out fraudulent purchases while ensuring real purchases get fulfilled.
You won't be responsible for any fraudulent charges and you can
see fraudulent purchases credited back to your account as soon as the next day.
Visa's Zero Liability Guarantee
covers fraudulent purchases and payments on the Visa network made by others without your authorization using your consumer debit card.
While the police won't do much, your loss should be on record in case credit card companies
investigate fraudulent purchases or you must prove the date of your loss.
«Unauthorized activity» covers only certain kinds of fraud, however, such as account hacking — similar to a criminal stealing your credit card and using it to
initiate fraudulent purchases.
The RNC (Royal Newfoundland Constabulary) was searching the Kenmount Road office for: documents pertaining to a trust account with the Bank of Montreal,
allegedly fraudulent purchase and sales agreements, computer equipment, laptops, memory sticks and other electronic equipment.»
Cardholders are limited to $ 50 of liability in the case
of fraudulent purchases, but debit cards usually don't have those same safeguards.
Regarding security, the Venture card offers $ 0 liability protection for
fraudulent purchases if your card is lost or stolen.
The Truth in Lending Act, for example, which caps maximum liability for
fraudulent purchases at $ 50, usually covers the unauthorized use of business credit cards, but does not apply to business debit cards.
As a result, criminals have reportedly been able to register stolen card information on iPhones and use them to
make fraudulent purchases.
The company also offers a «Freeze it» option to
prevent fraudulent purchases in case the card is lost or stolen, they let you track your FICO score and monitor your account for fraud.
With a biz CC You are now 100 % liable for
fraudulent purchases with no cap (unlimited liability), subject to sudden and sharp interest rate increases, retroactive rate increases, shorter billing cycles, they can pierce the corporate veil to come after your personal assets if you miss payments.
The guarantee Bank of America makes to its credit and debit cardholders: if your card is lost or stolen, and you report the loss promptly, you may not be responsible
for fraudulent purchases made with your card.
On October 1, merchants who accept credit cards were faced with a pretty big decision to make: either accept new technology or accept responsibility for
fraudulent purchases.
Their e-commerce system, which is used by both the Bank of Ireland and Radioshack's online and in - store presence (specifically for mobile device sales), uses a number of different identifiers to say if something is a real or
fraudulent purchase.
Apple also requires the user to authenticate payments with their fingerprint through Touch ID, so even in a scenario in which a user's phone is stolen, it would be still very difficult to make
a fraudulent purchase.
Pay $ 0 for
fraudulent purchases.
Fraudulent purchases at brick - and - mortar stores are covered by the card issuers and banks.
One advantage of choosing credit and signing when making debit card purchases is that the card networks may offer you protections, such as zero liability for
fraudulent purchases.
The flaw, which may affect as many as 750 million mobile phones, could allow eavesdropping on phone conversations,
fraudulent purchases, or impersonation of the handset's owner, Nohl warned.
Preventing unauthorized billing activity saves us from dealing with
fraudulent purchases and we pass that savings on to you.
There is a Fraud Liability Guarantee to help protect you from
fraudulent purchases.
For example, they have $ 0 fraud liability protection to protect you against
fraudulent purchases.
Customers who fall victim to
fraudulent purchases and practices will have $ 0 liability.
Not only does Federal law place a limit of $ 50 on
any fraudulent purchases but often any outstanding debts would be adequately paid by a Life Insurance policy which would be less expensive and more appropriate if you have a family.
If
a fraudulent purchase appears on an account, the cardholder will not be liable for it.
Phrases with «fraudulent purchases»