How do credit card companies investigate fraud?

Credit card companies investigate fraud by verifying all information associated with the account, speaking to the business entity where the money was spent and working with law enforcement to find the credit card thief. read more

Banks and credit card companies have created quick credit cut-off tactics to foil all but the speediest criminals. Professional Investigators. Credit card fraud is almost 20 times as common online as at a bricks-and-mortar vendor. Online purchases, called "card not present" (CNP), use a card number entered without physically showing the card or ID. read more

Credit card companies and the businesses that handle them attempt to minimize the risk of fraud before it happens. A suspicious merchant, for example, can call MasterCard and request a "code 10" authorization, which alerts the company that the card use in question may be fraudulent. read more