NCJ Number
13057
Journal
Security Management Volume: 17 Issue: 6 Dated: (JANUARY 1974) Pages: 17,18,21
Date Published
1974
Length
3 pages
Annotation
WIDESPREAD USE OF CREDIT CARDS HAS CONTRIBUTED SIGNIFICANTLY TO FRAUDS AND TO GOVERNMENT ACTION TO CONTROL CREDIT CARD USE AND DETECTION OF FRAUDS.
Abstract
CREDIT CARD FRAUDS ARE BASICALLY COMMITTED BY ORGANIZED CRIMINALS (ANY PERSON OR GROUP OF PEOPLE WHO ORGANIZE AND CONSPIRE TO DEFRAUD A CREDIT CARD ISSUER THROUGH THE FRAUDULENT USE OF CREDIT CARDS). INCREASED OCCURRENCE OF CREDIT CARD FRAUDS HAVE RESULTED IN STATE AND FEDERAL LAWS GOVERNING THE ISSUANCE OF SUCH CARDS, LIABILITY OF THE HOLDER IN CASES OF STOLEN CARDS, AND CRIMINAL PENALTIES FOR FRAUDULENT USE.