Misue of Credit Card is very common especially on-line transaction. Recently my friend had a very sad experience. The customer charge slip bears the card number. Only need of CVV number is required. Once u give the card for a transaction through swipe, the other party has to just memorize the CVV number and the card number is already available in charge slip. Using the copy of charge slip just any online transaction can be carried on with CVV in memory. So it should be made mandatory for every gateway bank to modify the swipe machine, that the card no is not printed fully on the charge slip. Secondly a biometric system will a best option.
RE:Misue of Credit Card
by Bhramar Vatsa on Feb 01, 2007 06:03 PM Permalink
This I feel is the most easier way to avoid CC frauds. I have even seen some of the machines just printing last 4 digits of the card no. I feel it should be mandatory for all the banks.
I really don't understand what purpose a card no. on the slip would serve. They ofcouse can record the card no. internally in bank records, but need not be on the slip.
