TITLE

PROTECTING FROM INTERNAL CREDIT CARD FRAUD: EVEN WITH IMPROVED TECHNOLOGY, THERE MUST BE SEVERAL LAYERS OF FRAUD PROTECTION

AUTHOR(S)
Bleser, David
PUB. DATE
July 2003
SOURCE
Hospitality Upgrade;Summer2003, p36
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses a 1990 case of an internal credit card fraud within a hotel in the U.S. After an internal audit found a possible fraud in a credit card used to pay invoices, an investigation was conducted. The probe discovered that a former assistant controller of the hotel would adjust the revenue instead of applying the payment and then issue a credit to a credit card. It emphasizes that there must be several layers of fraud detection and protection even with improved technology. INSET: Credit Card Fraud LESSONS LEARNED.
ACCESSION #
77650276

 

Related Articles

  • Preventing Credit Card Fraud. Hearn, Ann Marie // Business Forum;Spring86, Vol. 11 Issue 2, p8 

    Discusses solutions being considered to prevent credit card fraud in the United States. Use of so-called smart cards; Development of cards with a special watermark to prevent counterfeiting; Ways in which a criminal gets a legitimate account number; Advancements in credit card fraud deterrence...

  • CUT CREDIT CARD CRIME. Sutherland, Andy // Caterer & Hotelkeeper;1/16/2003 Special Issue, Vol. 192 Issue 4256, p94 

    Offers way to minimize credit card crime. Need to monitor both staff and customers; Elimination of out-of-place equipment or cabling; Prosecution of people involved in credit card fraud.

  • Don't let credit card fraud leave you with only coal in your stocking.  // Hudson Valley Business Journal;12/12/2011, Vol. 22 Issue 50, p24 

    The article presents warning of Forrester Research Inc. on credit card fraud in Hudson Valley, New York. According to Forrester, the surge and growing popularity of web-enabled smartphones also resulted to the rise of credit card fraud. Forrester warned consumers to be cautious about credit card...

  • SECURITY.  // ISO & Agent Weekly;12/30/2009, Vol. 5 Issue 47, p16 

    The article presents abstracts related to payment security which include a workshop to discuss a new standard to protect sensitive cardholder data, a security format developed by First Data Corp., and the result of the Unisys Corp. survey suggesting that consumers are more concerned about the...

  • Prepaid dilemma. Cocheo, Steve // ABA Banking Journal;Oct2007, Vol. 99 Issue 10, p46 

    The article discusses the approach used by the banking industry in the U.S. to balance the use of stored-value cards with risk of abuse. Stored-value cards serve many legitimate needs, from travel to payroll to gifts. They can be bought everywhere from pharmacies to delicatessens to banks to web...

  • AN APPROACH FOR INTEGRATION TESTING IN ONLINE RETAIL APPLICATIONS. Singh, Roopa; Khan, Imran Akhtar // International Journal of Computer Science & Information Technolo;Jun2012, Vol. 4 Issue 3, p141 

    Retail applications has majorly fraud prevention, procurement, shipping and tax related, pricing, real time bank authentication applications integrated to make the application run successfully. Integration testing here plays an important role as it requires that all applications interact with...

  • Fraud Control: Protecting ACH. Berney, Louis // Cards & Payments;May2008, Vol. 21 Issue 5, p14 

    The article discusses ways to protect from fraud the automated clearinghouse (ACH), the largest electronic payments network in the U.S. It states that as the ACH network grows, it is more prone to fraud exposure and risky activities. The National Agency Clearing House Association (NACHA), which...

  • State adds new fraud-protection measures for credit-card receipts.  // Business Journal (Central New York);1/9/2004, Vol. 18 Issue 2, p6 

    Reports on New York State's amendment of the General Business Law to limit the information that may be printed on certain receipts that are provided to credit card holders. Limitation of the potential of fraud resulting from the use of account information appearing on misplaced or discarded...

  • Fight Fraud: Seven Tools. Cashman, Chuck // Credit Union Magazine;Oct2007, Vol. 73 Issue 10, p56 

    The article discusses the ways on how credit unions (CUs) could prevent debit card and credit card fraudulence in the U.S. It states that CUs must adopt security practices aimed at debit and credit cards to prevent the risk of fraud. Fraud prevention could be done by using the tools such as Visa...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics