| Commerce and technology, combined as a one | | | | online credit card fraud. This online credit card fraud |
| package - this is what online credit cards are. | | | | can happen in two ways. The first one is related to |
| With the advent of internet, the knowledge and | | | | the company, on whose website you made online |
| communication barriers were broken. Also, with | | | | credit card payment for purchase of goods; this |
| internet, came the concept of e-shops or virtual shops | | | | company itself could be fraudulent i.e. it could take the |
| that existed only on the internet. You could shop at | | | | online credit card payment from you but not deliver the |
| these shops by making use of their online credit card | | | | goods to you. Moreover, they could use the details of |
| payment-acceptance ability. Once the online credit | | | | your credit card (received through the filling up of online |
| card payments were verified and approved, the goods | | | | credit card payment form by you) for fraudulent |
| got delivered to your door. This is what we call | | | | purposes. The second type of fraud is committed by |
| convenience at its best. | | | | fraudsters who use various softwares/devices to |
| With more and more e-shops getting setup everyday, | | | | capture the details of online credit card payments (as |
| online credit card usage is becoming even more | | | | you enter them on the online credit card payment form |
| popular. The possibility of receiving online credit card | | | | of a website). These softwares are popularly known |
| payments has given a totally new dimension to | | | | as spyware and these fraudsters as online spies. The |
| shopping. Now, you can not only shop from the | | | | spyware works by capturing keystrokes or taking |
| comfort of your home, you can even get discounts on | | | | screenshots of whatever you do on your computer |
| these products. This is really amazing. No need to | | | | and then passes it on to the spy. However, there are |
| bother about the weather, no need to worry about the | | | | anti-spyware softwares available which can be used |
| traffic jams or any other thing. Just go to an e-shop, | | | | to counter such spyware. |
| select a product, make use of their online credit card | | | | So, the advent of online credit card usage facility is a |
| payment-acceptance facility to make the payment | | | | boon to us. However, you must exercise caution when |
| and be ready to receive the goods at your doorstep. | | | | making online credit card payments e.g. don't access |
| With online credit card processing facility, starting a | | | | your bank accounts or make online credit card |
| business (an online business) has become just | | | | payments from internet cafes (unless you are |
| unbelievably easy. | | | | absolutely sure about the credentials of the internet |
| However, there is nothing without pitfalls. One of the | | | | café). |
| pitfalls of online credit card usage is the possibility of | | | | |