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Credit Card itself is a big fraud !
by chanakya maurya on Jan 31, 2007 03:00 PM
The guy at receiving end is assured of the money.
But the guy or the doll whose pocket is being picked is not consulted over the mobile whether a transaction is bona fide or otherwise.
Verifying with the card holder on his mobile plus asking him a code word to confirm that he/she is the right person must be made a legal requirement.
Most frauds are perpetrated by the card company staff = card company itself.
With cards proliferating, this crime, too, would proliferate unless some check-mate is made mandatory by law.
Like sex it must be consensuous.
When one is being $#@#ed, one's consent should be obtained.
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