A credit card is a Financial
Transaction Card that allows the cardholder to obtain money, goods or services
under a line of credit established by the card issued. You might not know, but you could have a credit or
debit card that uses a small Electromagnetic computer chip and a radio antenna
to transmit account information from your card even when you are not shopping.
Criminals are always
looking for the opportunity to commit crime of which the breaking of financial
systems, particularly credit cards, is the one most. During the low-tech era of
the 1980s it was relatively easy to copy credit cards. When a credit card is used as an instrument to commit fraud
it will contain evidence of misrepresentation and other unlawful changes, which
can be identified to prove the crime of fraud. Criminals used a
number of unsophisticated methods like “shave and paste”, a procedure that
included carefully shaving off the embossed account numbers from the plastic
with a sharp razor blade and then pasting on new account numbers by carefully
using special liquid glue.
RFID blocking is a very
important technology which is in wide use due to its various features in today’s busy life to save our personal bank information from theft.
Identity theft occurs when someone uses
your personally identifying information, like your name, Social Security
number, or credit card number, without your permission, to commit fraud or
other type of crimes.
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