iYogi Fraud Protection: Credit Card Fraud Transpiring on Internet

With the advancement of technology, identity theft has become rampant and the frequency of credit card fraud too has speeded up considerably. Fraudsters use credit card details that they steal to purchase goods online and unsuspecting merchants fall prey to this fraud. The authentic credit card user eventually refuses to pay for the merchandize that they never actually bought. The credit card company then levies charges on the merchants who are fined with an additional chargeback fee. This, along with the loss of goods, results in severe financial losses to the merchants. iYogi Alerts are issued in the interest of such merchants who run the risk of being cheated online. Read More…